James Williams is the Chief Operating Officer of a startup in the health food industry. He is also a member of his firm's board of directors. In board of directors terminology, James is a(n):
A) inside director
B) outside director
C) expert director
D) junior director
E) senior director

Question

Quizplus · Accepted Answer

An inside director is a member of the board of directors who is also an officer or employee of the firm. In this case, James is the COO of the startup and also a member of the board, making him an inside director. Option B, an outside director, is a member of the board who is not employed by the firm, so it does not apply to James. Option C, an expert director, is a director who brings specific expertise or experience to the board but is not necessarily an employee of the firm, so it is not applicable to James in his current role. Options D and E, junior and senior director, respectively, are not commonly used terms in board of directors terminology.

James Williams Is the Chief Operating Officer of a Startup