Directors
/dɪˈrɛktərz/
Definitions
- (n.) Individuals elected or appointed to manage or oversee the affairs of a corporation or organization, holding fiduciary duties to act in the best interests of the entity and its shareholders.
The directors approved the company's annual financial report.
Forms
- director
Related terms
See also
Commentary
In legal drafting, specifying the scope of directors' duties and liabilities is crucial to clarify governance responsibilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.