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 ?
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.
before the Honorable Joanna Seybert, United States District Judge, at the United States District Court for the eastern district of New York, Long Island Courthouse, 100 Federal Plaza, Central Islip, New York, for the purpose of determining whether, among other things: (1) the proposed settlement of the Action as to the Outside Director Defendants for Three Hundred Thousand Dollars ($300,000) and certain other consideration should be approved by the Court as fair, reasonable and adequate and (2) a final judgment of dismissal with prejudice as to the Outside Director Defendants should be entered pursuant to the terms of the Stipulation.
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.
To comply with the qualified performance-based compensation requirements and to ease the administrative burdens and costs of maintaining separate committees, all the directors who did not meet the outside director definition abstained or recused themselves from these determinations.
162-27(e)(3) and (e)(4) (setting forth the definition of outside director and the shareholder approval rules) until as late as the first shareholders' meeting in 1997, as long as the directors are disinterested directors under SEC rules and the plan was approved by shareholders under SEC rules, and these grandfathered plans and agreements have not been materially modified.
A global outside director can assist in bridging this gap of understanding and act as an agent of change in converging global business strategy with a board's needs.
Slepko has been appointed as an outside director to its Board of Directors.
Interestingly, outside director share ownership is much higher, on average, than CEO and non-ceo officer share ownership.
In addition, the President and outside director have agreed to additionally lend the Company up to an aggregate of $200,000.