Definition
A working director of an organization 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.T his title is more typically used for nonprofit organizations than for commercial enterprises.
The 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.
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