Director definition: Copy, customize, and use instantly
Introduction
The term "Director" refers to an individual who serves on the board of directors of a company or organization, tasked with overseeing management, ensuring compliance, and guiding strategic decisions. Directors play a crucial role in governance, accountability, and fiduciary responsibilities.
Below are various examples of how "Director" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Director" in corporate governance
This definition applies to decision-making within organizations.
"Director" means any individual elected or appointed to serve on the board of directors of a corporation, with duties including oversight of management, strategic planning, and fiduciary responsibilities.
Definition of "Director" in nonprofit organizations
This definition focuses on governance in nonprofit entities.
"Director" refers to any individual serving on the board of a nonprofit organization, responsible for guiding its mission, policies, and compliance with applicable laws.
Definition of "Director" in shareholder agreements
This definition addresses director roles in shareholder contexts.
"Director" means any person nominated or elected to represent the interests of shareholders on the board of directors, with authority to participate in corporate decision-making.
Definition of "Director" in regulatory compliance
This definition applies to compliance oversight.
"Director" refers to any individual serving on the board with responsibilities for ensuring the company adheres to applicable laws, regulations, and industry standards.
Definition of "Director" in employment agreements
This definition focuses on executive roles.
"Director" means any individual employed by the company to perform leadership duties, including strategic planning, operational oversight, and team management.
Definition of "Director" in mergers and acquisitions
This definition relates to board involvement in transactions.
"Director" refers to any member of the board responsible for evaluating, approving, or overseeing mergers, acquisitions, or other corporate transactions.
Definition of "Director" in conflict of interest policies
This definition addresses ethical considerations.
"Director" means any board member subject to conflict-of-interest policies to ensure unbiased decision-making in the organization’s best interest.
Definition of "Director" in fiduciary duties
This definition applies to legal obligations.
"Director" refers to any individual obligated to act in good faith, with loyalty and care, in the best interests of the company or organization.
Definition of "Director" in joint ventures
This definition focuses on shared governance.
"Director" means any individual appointed to the board of a joint venture, representing the interests of one or more parties to the agreement.
Definition of "Director" in risk management
This definition relates to oversight of risks.
"Director" refers to any board member responsible for overseeing the identification, assessment, and mitigation of risks to the organization.
Definition of "Director" in audit committees
This definition applies to financial oversight roles.
"Director" means any board member serving on the audit committee, tasked with reviewing financial statements, compliance, and internal controls.
Definition of "Director" in governance charters
This definition focuses on board responsibilities.
"Director" refers to any individual appointed to the board, as outlined in the organization’s governance charter, with specific roles and expectations.
Definition of "Director" in international corporations
This definition addresses cross-border governance.
"Director" means any individual serving on the board of a multinational corporation, with responsibilities spanning multiple jurisdictions.
Definition of "Director" in compensation committees
This definition focuses on executive pay oversight.
"Director" refers to any board member serving on the compensation committee, responsible for setting and approving executive compensation policies.
Definition of "Director" in public companies
This definition applies to governance in publicly traded entities.
"Director" means any individual elected by shareholders to serve on the board of a public company, responsible for ensuring transparency and accountability.
Definition of "Director" in private equity
This definition focuses on roles in portfolio companies.
"Director" refers to any individual appointed to the board of a portfolio company by a private equity firm, tasked with overseeing strategic initiatives and performance.
Definition of "Director" in restructuring and insolvency
This definition applies to distressed companies.
"Director" means any board member responsible for guiding the organization through restructuring, insolvency proceedings, or liquidation.
Definition of "Director" in environmental, social, and governance (ESG) initiatives
This definition focuses on sustainability oversight.
"Director" refers to any board member responsible for overseeing ESG initiatives and ensuring alignment with organizational values and stakeholder expectations.
Definition of "Director" in family-owned businesses
This definition applies to governance in family enterprises.
"Director" means any family member or independent individual serving on the board of a family-owned business, balancing family and business interests.
Definition of "Director" in government-owned corporations
This definition focuses on state-run entities.
"Director" refers to any individual appointed to the board of a government-owned corporation, tasked with aligning operations with public policy objectives.
Definition of "Director" in startup boards
This definition applies to early-stage companies.
"Director" means any individual serving on the board of a startup, providing guidance on growth, funding, and operational strategies.
Definition of "Director" in technology companies
This definition addresses governance in tech firms.
"Director" refers to any board member responsible for overseeing innovation, intellectual property, and digital transformation strategies.
Definition of "Director" in healthcare organizations
This definition focuses on governance in the healthcare sector.
"Director" means any individual serving on the board of a healthcare organization, responsible for overseeing compliance, patient safety, and operational efficiency.
Definition of "Director" in financial institutions
This definition applies to banks and similar entities.
"Director" refers to any board member responsible for ensuring regulatory compliance, risk management, and financial stability within a financial institution.
Definition of "Director" in nonprofit fundraising
This definition focuses on philanthropic roles.
"Director" means any board member responsible for supporting and overseeing fundraising efforts to achieve the nonprofit’s mission.
Definition of "Director" in educational institutions
This definition applies to governance in schools and universities.
"Director" means any individual responsible for overseeing academic, operational, or administrative functions within an educational institution.
Definition of "Director" in arts organizations
This definition focuses on cultural and creative institutions.
"Director" refers to any board member responsible for guiding the artistic and strategic goals of a cultural or arts organization.
Definition of "Director" in sports associations
This definition applies to governance in athletics.
"Director" means any individual serving on the board of a sports organization, tasked with overseeing management, compliance, and athlete welfare.
Definition of "Director" in trade associations
This definition focuses on industry-specific governance.
"Director" refers to any board member responsible for representing industry stakeholders and guiding the strategic objectives of a trade association.
Definition of "Director" in cooperative organizations
This definition applies to member-led entities.
"Director" means any individual elected by members of a cooperative to serve on its board, ensuring alignment with member interests.
Definition of "Director" in philanthropic foundations
This definition relates to governance in charitable entities.
"Director" refers to any board member responsible for guiding the mission, grant-making, and financial stewardship of a philanthropic foundation.
Definition of "Director" in real estate investment trusts (REITs)
This definition focuses on governance in property-focused entities.
"Director" means any individual serving on the board of a REIT, responsible for overseeing asset management and ensuring regulatory compliance.
Definition of "Director" in energy companies
This definition applies to utilities and energy firms.
"Director" refers to any board member responsible for guiding operational strategies, regulatory compliance, and sustainability efforts in an energy company.
Definition of "Director" in hospitality and tourism
This definition focuses on governance in service industries.
"Director" means any board member responsible for overseeing management, growth, and customer satisfaction within hospitality and tourism organizations.
Definition of "Director" in retail companies
This definition addresses consumer-focused governance.
"Director" refers to any board member tasked with overseeing strategic planning, market analysis, and consumer engagement in retail organizations.
Definition of "Director" in media and entertainment
This definition applies to creative and operational oversight.
"Director" means any board member responsible for guiding production, distribution, and strategic initiatives in media or entertainment companies.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.