Inside Director Law and Legal Definition
An inside director is a director who is also employee, officer, or major shareholder of the corporation. For example, a Chief Executive Officer who is also Chairman of the Board would be considered an inside director. A Chief Financial Officer, Executive Vice President, or other corporate executive who is a member of the board is also an inside director. Inside directors commonly enjoy seats on boards because they own equity in the company. Inside directors exist to represent the interests of stakeholders in the company.
Legal Definition list
Related Legal Terms
- Athletic Director
- Board of Directors
- Border and Transportation Security Directorate [BTS]
- Class Director
- Director [Patents]
- Director of National Intelligence
- Director of the Institute of Museum Services [Education]
- Director of the National Institute of Education [Education]
- Director of the United States Patent and Trademark Office
- Director's Alternate Decision
