executive director
Definition
Working director of a firm who is usually also its full time employee, and has a specified decision making role as director of finance, marketing, operations, etc., on an on-going basis. Standard of care required from executive directors is much higher than that required from non-executive directors, but both types of directors are equally liable under tax laws. Also called inside director or internal director.
executive director is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
executive director appears in the definitions of the following terms: board of directors, inside director, top management, internal director, Cadbury rules and non-executive director
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