Directors definition: Copy, customize, and use instantly
Introduction
The term "Directors" refers to individuals appointed or elected to oversee the management and operations of a company, organization, or institution. They are responsible for setting strategic direction, ensuring compliance with legal and regulatory requirements, and acting in the best interests of shareholders or stakeholders. Directors play a crucial role in corporate governance, risk management, and decision-making processes.
Below are various examples of how "Directors" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Directors" in a corporate governance context
This definition ties "Directors" to their corporate governance responsibilities.
"Directors" means the members of the board of directors of a corporation, responsible for overseeing the management, policies, and strategic direction of the company in accordance with its governing documents and applicable laws.
Definition of "Directors" in a financial oversight role
This definition connects "Directors" to financial decision-making and accountability.
"Directors" refers to individuals serving on the board of directors of an entity, tasked with approving budgets, financial statements, and major financial transactions, ensuring fiscal responsibility and transparency.
Definition of "Directors" in a fiduciary duty role
This definition links "Directors" to their fiduciary responsibilities.
"Directors" means persons entrusted with the fiduciary duty to act in good faith, with care and loyalty, to advance the interests of the company and its shareholders.
Definition of "Directors" in a regulatory compliance context
This definition applies "Directors" to legal and regulatory compliance.
"Directors" refers to members of the board who ensure that the company adheres to applicable laws, corporate governance codes, and industry regulations in its operations and decision-making.
Definition of "Directors" in a non-profit organization
This definition ties "Directors" to leadership within non-profit entities.
"Directors" means the individuals serving on the board of a non-profit organization, responsible for governance, fundraising, and ensuring the fulfillment of the organization’s mission.
Definition of "Directors" in a shareholder representation role
This definition connects "Directors" to their role as representatives of shareholders.
"Directors" refers to board members elected by shareholders to represent their interests, provide oversight of corporate management, and ensure accountability.
Definition of "Directors" in a risk management context
This definition links "Directors" to corporate risk oversight.
"Directors" means individuals responsible for identifying, assessing, and mitigating risks affecting the company’s operations, reputation, and financial performance.
Definition of "Directors" in an executive versus non-executive role
This definition applies "Directors" to executive and non-executive distinctions.
"Directors" refers to both executive directors, who participate in daily operations, and non-executive directors, who provide independent oversight and strategic guidance.
Definition of "Directors" in an appointment and removal context
This definition ties "Directors" to appointment and termination procedures.
"Directors" means individuals appointed or elected to the board in accordance with the company’s articles of incorporation, bylaws, and applicable laws, and who may be removed as provided therein.
Definition of "Directors" in an audit committee role
This definition connects "Directors" to financial auditing and compliance.
"Directors" means board members who serve on the audit committee, overseeing financial reporting, internal controls, and compliance with auditing standards.
Definition of "Directors" in a mergers and acquisitions context
This definition links "Directors" to corporate restructuring decisions.
"Directors" refers to members of the board responsible for evaluating and approving mergers, acquisitions, and divestitures in the best interests of the company and its stakeholders.
Definition of "Directors" in an ethics and corporate responsibility role
This definition applies "Directors" to ethical governance and corporate responsibility.
"Directors" means board members who establish ethical policies, corporate social responsibility initiatives, and sustainability goals to enhance the company’s public image and long-term success.
Definition of "Directors" in a voting rights context
This definition ties "Directors" to board decision-making and voting authority.
"Directors" refers to members of the board with voting rights on company matters, including the appointment of executives, approval of budgets, and strategic decisions.
Definition of "Directors" in an international business context
This definition connects "Directors" to multinational corporate governance.
"Directors" means board members overseeing the governance and compliance of a multinational corporation, ensuring adherence to the legal and regulatory frameworks of different jurisdictions.
Definition of "Directors" in a liability and indemnification context
This definition links "Directors" to legal protections and liabilities.
"Directors" refers to individuals who may be indemnified by the company against liabilities incurred in the course of their duties, subject to limitations under applicable laws and corporate policies.
Definition of "Directors" in an advisory board context
This definition applies "Directors" to advisory roles in corporate strategy.
"Directors" means members of an advisory board providing strategic guidance and industry expertise, without the formal governance authority of a traditional board of directors.
Definition of "Directors" in a venture capital-backed company
This definition ties "Directors" to oversight in venture-funded businesses.
"Directors" refers to board members appointed by venture capital investors to monitor the performance, governance, and strategic direction of a start-up or growth-stage company.
Definition of "Directors" in an independent director role
This definition connects "Directors" to non-affiliated governance positions.
"Directors" means independent board members with no material ties to the company, ensuring unbiased oversight and decision-making.
Definition of "Directors" in an employee representation role
This definition links "Directors" to labor governance and employee interests.
"Directors" refers to board members elected or appointed to represent employees' interests in corporate governance, ensuring fair labor practices and workforce considerations.
Definition of "Directors" in a compliance and enforcement role
This definition ties "Directors" to their responsibility in ensuring compliance.
"Directors" means individuals appointed to enforce compliance with internal policies, industry regulations, and governmental mandates affecting the company’s operations.
Definition of "Directors" in a stakeholder engagement role
This definition connects "Directors" to their role in engaging stakeholders.
"Directors" refers to members of the board responsible for engaging with shareholders, employees, regulators, and other stakeholders to ensure transparent communication and corporate alignment.
Definition of "Directors" in an oversight of executive compensation role
This definition links "Directors" to executive pay decisions.
"Directors" means board members who determine and approve executive compensation, incentive plans, and performance-based rewards to align with corporate goals.
Definition of "Directors" in a governance policy development context
This definition applies "Directors" to governance framework creation.
"Directors" refers to board members responsible for establishing, reviewing, and updating corporate governance policies to ensure ethical and effective decision-making.
Definition of "Directors" in a strategic planning role
This definition ties "Directors" to corporate strategy development.
"Directors" means individuals who participate in setting the company’s long-term strategy, growth initiatives, and overall business direction.
Definition of "Directors" in a legal representation capacity
This definition connects "Directors" to their role in legal representation.
"Directors" refers to board members authorized to act on behalf of the company in legal matters, ensuring compliance with laws and regulations.
Definition of "Directors" in a corporate restructuring scenario
This definition links "Directors" to decision-making in business restructuring.
"Directors" means individuals responsible for overseeing and approving restructuring, bankruptcy proceedings, or corporate reorganizations.
Definition of "Directors" in an industry-specific regulatory role
This definition applies "Directors" to sector-specific compliance.
"Directors" refers to members of the board ensuring the company adheres to sector-specific regulations, such as healthcare, finance, or technology laws.
Definition of "Directors" in a whistleblower protection role
This definition ties "Directors" to corporate whistleblower policies.
"Directors" means board members responsible for establishing and maintaining policies that protect whistleblowers from retaliation.
Definition of "Directors" in an innovation and research oversight role
This definition connects "Directors" to corporate innovation management.
"Directors" refers to board members guiding research, innovation, and intellectual property development to maintain the company's competitive advantage.
Definition of "Directors" in a joint venture governance role
This definition links "Directors" to partnerships and joint ventures.
"Directors" means individuals appointed to oversee joint ventures, ensuring alignment with corporate objectives and compliance with partnership agreements.
Definition of "Directors" in an investor relations role
This definition applies "Directors" to investor communications and management.
"Directors" refers to board members responsible for maintaining relationships with investors, managing shareholder expectations, and ensuring proper financial disclosures.
Definition of "Directors" in an international expansion role
This definition ties "Directors" to the oversight of global operations.
"Directors" means board members who strategize and oversee the company’s expansion into new international markets while ensuring compliance with foreign regulations.
Definition of "Directors" in an environmental, social, and governance (ESG) role
This definition connects "Directors" to sustainability and corporate responsibility.
"Directors" refers to board members responsible for overseeing environmental, social, and governance (ESG) policies to promote sustainable and ethical business practices.
Definition of "Directors" in a dispute resolution and arbitration role
This definition links "Directors" to corporate conflict resolution.
"Directors" means individuals involved in resolving disputes between shareholders, executives, or third parties through negotiation, arbitration, or mediation.
Definition of "Directors" in a technology and cybersecurity role
This definition applies "Directors" to digital governance and data protection.
"Directors" refers to board members responsible for ensuring robust cybersecurity measures, data privacy compliance, and technology-driven strategic initiatives.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.