Outside Director Law and Legal Definition
Outside director is a nonemployee director with little or no direct interest in the corporation. S/he is a person elected by shareholders to a corporation's board of directors who is not affiliated with the company in any other capacity. Outside director is not an employee of a corporation and has no operational responsibilities within the corporation.
An outside director is also termed as affiliated director.
Legal Definition list
Related Legal Terms
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
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- Director of National Intelligence
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- Director of the National Institute of Education [Education]
