The term OUTSIDE DIRECTOR is not defined in the PRIVATE SECURITIESLITIGATION REFORM ACT;however, it is to be defined in an SEC rule or regulation.
a director who has no interest or other duties in the corporation other than as a director
a director who is neither a manager nor a shareholder in the corporation
a director who is not a member of management
a member of our board of directors who is not a common-law employee of the Company or a parent or subsidiary of the Company
A member of a business organization's board of directors who does not hold another position with the organization and does not own a controlling interest in the organization. Contrast with inside director.
A person elected by shareholders to a corporation's board of directors who is not affiliated with the company in any other capacity.
An independent member of the board of directors that is not a shareholder or regular employee of a corporation.
A member of a company's board of directors who is not employed by the company in any other capacity.
Any member of a company's board of directors who is not an employee or stakeholder in the company.
