An "outside director" on a company's board of directors

Question

Quizplus · Accepted Answer

An "outside director" is someone who has valuable expertise, but limited vested interest in the firm before assuming the role. They are not likely to have worked for the company in the past, and are expected to bring a diverse or unique perspective to board discussions and decisions. They can typically serve on multiple boards, but may be restricted from chairing certain committees, such as the audit or compensation committee.

An "Outside Director" on a Company's Board of Directors