A non-independent director is in a majority of cases an executive associated with the boards organization, i.e. chairman, CEO, COO, CFO, etc. and/or any other executive voted to be a member of the board; or it can and usually is someone or an entity, (pension fund, family member, institutional investors, etc) from outside the organization that holds some form of financial interest that influences the board to offer a seat on the board for representation. Simply put - it is opposite of what the SEC, NYSE and NASDAQ requirements set forth for independent directors.
Read your governing documents to determine the qualifications necessary for board membership.
Usually, board members are:
If a candidate for board membership runs for election, or is appointed to the board, and does not meet the qualifications listed in the governing documents, it could be that the candidate is 'non-independent'.
Standout examples of non-independent candidates could be:
Of the two options offered, 'Board of Directors position' is to be preferred. For clarity, however, you might consider using just 'Director position.' Other alternatives: position on the Board of Directors; Board position; Director on the Board. Note: One director does not make a board.
No, simply director. The board refers to the entire group of directors collectively.
lg board of director names
The Board of Directors directs McDonald's.
A director
Sinopec Corporation, 2000-2003, director and vice chairman, first board of directors; 2003-, director and chairman, second board of directors.
A board resolution needs to be signed by all directors. However, if there is a director who is not part of the board, they do not need to sign.
two types of board of director executive and non executive
In Indonesia, instead of a Board of Directors, they have a Board of Commissioners, where the CHairman id called the President COmmissioner. To clarify, the Indonesian Board of Directors consitiutes the Senior Management Committee, with CEO/Managing-Director called the President Director.
A director of a company is an officer of that company.
Can the executive Director of a non-profit organization be the chariman of the baord of directors?
Yes. More often than not, executive directors serve the board yet do not have a seat on that board, but occasionally they do. The agency's bylaws will dictate what is allowable for individual agencies.