Outside Director definition: Copy, customize, and use instantly
Introduction
The term "Outside Director" refers to a member of a company's board of directors who is not involved in the day-to-day operations of the company. Outside directors provide an independent perspective and are typically not affiliated with the company’s management.
Below are various examples of how "Outside Director" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Outside Director" as an independent board member
This definition ties "Outside Director" to an independent board member.
"Outside Director" refers to a member of the board of directors who does not have any material relationship with the company, its affiliates, or its management, ensuring impartiality in decision-making.
Definition of "Outside Director" for corporate governance
This definition connects "Outside Director" to corporate governance.
"Outside Director" means a director who is independent of the company’s management, providing an objective voice in corporate governance and board decisions.
Definition of "Outside Director" for the board composition
This definition applies "Outside Director" to the composition of the board.
"Outside Director" refers to a director who is not an employee of the company, ensuring that a majority of the board members provide independent oversight.
Definition of "Outside Director" for non-executive role
This definition links "Outside Director" to the non-executive role.
"Outside Director" means a non-executive member of the board who does not engage in the company’s daily operations and serves to offer unbiased oversight and strategic advice.
Definition of "Outside Director" for audit committees
This definition connects "Outside Director" to audit committees.
"Outside Director" refers to a director who is not part of the company’s management team and serves on the audit committee to ensure independent financial oversight.
Definition of "Outside Director" for compensation committees
This definition ties "Outside Director" to compensation committees.
"Outside Director" means a director who is independent of management and serves on the compensation committee to ensure fair and unbiased executive compensation decisions.
Definition of "Outside Director" for the nomination committee
This definition applies "Outside Director" to the nomination committee.
"Outside Director" refers to a director with no ties to the company’s management, serving on the nomination committee to ensure the independent selection of board members and executives.
Definition of "Outside Director" for strategic guidance
This definition links "Outside Director" to providing strategic guidance.
"Outside Director" means a member of the board who does not have a managerial role within the company but provides strategic direction and advice based on their external expertise.
Definition of "Outside Director" for conflict of interest
This definition connects "Outside Director" to conflict of interest.
"Outside Director" refers to a director who does not have any conflict of interest with the company and is not involved in any material business relationships with the company, ensuring independent judgment.
Definition of "Outside Director" for shareholder representation
This definition ties "Outside Director" to shareholder representation.
"Outside Director" means a director who represents the interests of shareholders and provides independent oversight over the company’s operations, free from management influence.
Definition of "Outside Director" for independent advisory role
This definition links "Outside Director" to an independent advisory role.
"Outside Director" refers to a director who serves as an independent advisor to the board and management, ensuring impartial decision-making without involvement in daily operations.
Definition of "Outside Director" for leadership in governance
This definition connects "Outside Director" to leadership in governance.
"Outside Director" means a director who provides leadership in matters of corporate governance, offering unbiased perspectives to safeguard shareholder interests.
Definition of "Outside Director" for risk management oversight
This definition ties "Outside Director" to risk management oversight.
"Outside Director" refers to a director who is independent of the company’s operations and offers oversight on risk management practices and policies.
Definition of "Outside Director" for executive decision independence
This definition connects "Outside Director" to executive decision independence.
"Outside Director" means a director who is independent of the company’s executives and makes decisions based on the best interests of the company and its shareholders.
Definition of "Outside Director" for legal compliance
This definition links "Outside Director" to legal compliance.
"Outside Director" refers to a director who is not part of the company’s executive team, ensuring that the company adheres to legal and regulatory requirements without executive bias.
Definition of "Outside Director" for corporate transparency
This definition applies "Outside Director" to corporate transparency.
"Outside Director" means a board member who is independent from management and works to ensure transparency in financial reporting and corporate operations.
Definition of "Outside Director" for external perspective
This definition ties "Outside Director" to an external perspective.
"Outside Director" refers to a director who provides an external perspective on the company’s strategy, ensuring diverse viewpoints are considered in board decisions.
Definition of "Outside Director" for public company governance
This definition links "Outside Director" to public company governance.
"Outside Director" means a director who is not an employee of the company and provides governance in line with the interests of public shareholders.
Definition of "Outside Director" for equity interest
This definition connects "Outside Director" to equity interest.
"Outside Director" refers to a director who may hold equity in the company but is not involved in the day-to-day management of the company, ensuring independent oversight.
Definition of "Outside Director" for advisory role in M&A
This definition ties "Outside Director" to an advisory role in mergers and acquisitions.
"Outside Director" means a director who provides independent counsel during mergers, acquisitions, or strategic transactions, ensuring that decisions align with shareholder interests.
Definition of "Outside Director" for financial oversight
This definition links "Outside Director" to financial oversight.
"Outside Director" refers to a director who is independent of the company’s financial operations and provides oversight of financial reporting and auditing processes.
Definition of "Outside Director" for compliance committee
This definition connects "Outside Director" to a compliance committee.
"Outside Director" means a director who is not part of the company’s executive team and serves on the compliance committee to ensure adherence to regulatory standards and internal policies.
Definition of "Outside Director" for operational guidance
This definition ties "Outside Director" to operational guidance.
"Outside Director" refers to a director who provides guidance on the operational strategy of the company without being involved in daily operations, ensuring long-term success and sustainability.
Definition of "Outside Director" for corporate ethics
This definition connects "Outside Director" to corporate ethics.
"Outside Director" means a director who upholds corporate ethical standards and ensures that the company operates with integrity, free from management influence.
Definition of "Outside Director" for shareholder rights
This definition ties "Outside Director" to shareholder rights.
"Outside Director" refers to a board member who is independent of the company’s management and ensures that shareholder rights are protected in decision-making.
Definition of "Outside Director" for governance best practices
This definition links "Outside Director" to governance best practices.
"Outside Director" means a director who ensures that the company adheres to best practices in corporate governance, promoting transparency, accountability, and fairness.
Definition of "Outside Director" for independent assessments
This definition connects "Outside Director" to independent assessments.
"Outside Director" refers to a director who provides independent assessments of the company’s performance, management decisions, and corporate strategy.
Definition of "Outside Director" for conflict-free leadership
This definition ties "Outside Director" to conflict-free leadership.
"Outside Director" means a director who is not involved in the company’s operations and provides leadership that is free from conflicts of interest, ensuring unbiased decision-making.
Definition of "Outside Director" for organizational oversight
This definition links "Outside Director" to organizational oversight.
"Outside Director" refers to a board member who offers independent oversight of the organization’s activities, ensuring that management’s actions align with the company’s goals and shareholder interests.
Definition of "Outside Director" for internal controls
This definition ties "Outside Director" to internal controls.
"Outside Director" means a director who ensures that strong internal controls are in place within the company, providing independent oversight of the company’s financial and operational systems.
Definition of "Outside Director" for financial governance
This definition connects "Outside Director" to financial governance.
"Outside Director" refers to a director who is independent of management and ensures the company’s financial governance is aligned with shareholder interests and regulatory requirements.
Definition of "Outside Director" for public disclosure
This definition links "Outside Director" to public disclosure.
"Outside Director" means a director who ensures that the company makes public disclosures in compliance with regulatory standards, providing an independent perspective on corporate transparency.
Definition of "Outside Director" for risk management oversight
This definition ties "Outside Director" to risk management oversight.
"Outside Director" refers to a director who provides independent oversight of the company’s risk management processes, ensuring that risks are properly identified and mitigated.
Definition of "Outside Director" for executive succession planning
This definition connects "Outside Director" to executive succession planning.
"Outside Director" means a director who contributes to the development and implementation of executive succession plans, ensuring leadership continuity and alignment with long-term strategic goals.
Definition of "Outside Director" for ethical governance
This definition links "Outside Director" to ethical governance.
"Outside Director" refers to a director who promotes ethical governance practices within the organization, ensuring that business decisions align with the company’s values and the interests of stakeholders.
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.