Independent Director
/ɪnˈdɪpəndənt dɪˈrɛktər/
Definitions
- (n.) A member of a company's board of directors who does not have a material or pecuniary relationship with the company or related persons, ensuring impartial oversight.
The independent director voted against the merger to protect shareholders' interests.
Forms
- independent director
- independent directors
Related terms
See also
Commentary
Independent directors play a crucial role in enhancing corporate accountability by mitigating conflicts of interest within board decisions.
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.