independent director

independent director definition - business

independent director

A corporate director who has no material relationship with the company in which he or she serves as director. For example, an independent director cannot be employed or have a family member employed by the company.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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