Director

How it is used

Directors owe duties to the company and can sometimes be personally liable. Common types are executive and non-executive directors, and the managing director (UK, roughly the CEO). In company law 'director' means a board member; a title like 'Director of Sales' is just a job title.

Example sentences

1. The contract must be signed by two directors or by one director in front of a witness.

2. The directors approved the acquisition at yesterday's board meeting.

Common collocations

• appoint a director
• non-executive director
• managing director
• directors' duties
• resign as director

Related terms

• board of directorsThe group of directors elected by the shareholders to manage a company and make its most important decisions.
• shareholderA person or company that owns shares in a company and therefore owns part of it, usually with rights to vote and to receive dividends.
• fiduciary dutyA legal duty to act in the best interests of another person or organisation, owed for example by directors to their company or by agents to their principal.
• companyA business organisation registered as a separate legal person, so it can own property, sign contracts and sue or be sued in its own name.

This word in other fields

The same English word can have a different meaning in another field:

• director · Film & Television

More terms: Companies & Partnerships

• limited liability company
• partnership
• subsidiary
• articles of association
• joint venture
• incorporate