Director

An appointed or elected member of the board of directors of a company who, with other directors, has the responsibility for determining and implementing the companys policy. A company director does not have to be a stockholder (shareholder) or an employee of the firm, and may only hold the office of director (see qualifications for directors). Directors act on the basis of resolutions made at directors' meetings, and derive their powers from the corporate legislation and from the companys articles of association.