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16 Cards in this Set
- Front
- Back
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director de jure
director de facto |
has been assigned & appointed as a director in line with company law
acts as though he is a director without having been appointed to both all responsibilities & duties of directors apply |
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executive director
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member of the board of directors, who is also executive manager of the company
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managing director
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CEO is likely to be a member of the board (not always)
(same applies to CFO,COO or C-suite) |
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non executive director (NED)
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member of the board who does not hold any excutive management position
exists as independent & connected |
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Independend non executive director (ined)
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no affiliation with the company (that could affect an objective judgement)
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connected (affiliated) non executive director (CNED)
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has a relationship with the company, but is not a member of the management
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outside director
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non executive director, typically perceived as independent
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shadow director
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not a formal member of the board
can exert pressure on the decisions of the board (is liable) |
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alternate director
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can take the place of another director when that director cannot attend meetings (has all rights and duties)
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nominee director
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director nominated to the board by a major shareholder to represent its interest
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governing director
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has dominant powers in a private company
it is required to have two directors (power is only given to one) |
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corporate director
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another company, rather than human being, as a director
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worker / employee director
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represents the employees
employees should participate in corporate governance --> ensures the informal partnership between labor & capital |
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associate director
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is a title to convey prestige, reward, status
does not hold any rights or responsibilities not a legal member of the board |
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cross - directorships
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directorship held by set of directors in various companies
--> no concentration of power & experiences & talent available |
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pros & cons of chairman and ceo role seperation
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