non-executive director

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non-executive director

A member of the public appointed to the board of an NHS (UK) Trust who represents both the community and patients, by sharing their experiences, views and wishes with the Trust board, and the interests of the NHS organisation to the community.
References in periodicals archive ?
The nation's major business groups still prefer former government officials as outside directors, with them making up one-third of the total, according to the latest report, Monday.
Outside Directors and Directors residing overseas) in fiscal 2014 as a highly transparent and objective compensation system for Directors that is closely linked to company performance, it decided to adopt, in place of the old LTI, the LTI that extends the scope of Directors intended under the old LTI, accompanying the transition to a Company with Audit and Supervisory Committee under the condition that it will be approved by the Shareholders Meeting .
Routinely ever since, in response to national scandals involving corporate misconduct, Congress passed new legislation and the New York Stock Exchange--where AIG listed its shares in 1984--adopted rules that increasingly required corporations to add outside directors to the board.
On the other hand, low closeness centrality of outside directors may be interpreted as an indicator that the outside director is not a member of what Locke (1999) terms the "good old boys' club", and hence has more independence.
The present study uses multiple regression to take account of the inter relationships among outside director variables.
Outside directors talk about the gravity of this new environment, their roles, due diligence and stakeholder expectations.
One lawyer guesses that between the increase in direct cost and the time required for outside directors to do their job, companies are going to be forced to treat directors as full-time, senior executive positions.
My name is Jim Long and I am one of the two outside Directors on ARMA International's Board of Directors.
Our study defines an outside director as an independent outside director.
An outside director is one who (1) is not a current corporate employee, (2) is not a former employee currently receiving compensation for prior services other than benefits under a qualified retirement plan, (3) has not been an officer of the corporation and (4) does not receive remuneration, directly or indirectly, in any capacity other than as a director.
This comparison is based on a definition of outside director that includes all nonmanagement directors, consistent with the definition used by national stock exchanges.