Define: Director(s)

UK Accounting Glossary

Definition: Director(s)


Quick Summary of Director(s)


Person(s) appointed by shareholders of a limited liability company to manage the affairs of the company.



What is the dictionary definition of Director(s)?

Dictionary Definition


A senior-level management position.

Directors are elected by the shareholders. They manage or direct the affairs of a corporation. Typically, the directors make only major business decisions, major policy changes and monitor the activities of the officers. They are the people who primarily manage the corporation.


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Full Definition of Director(s)


A director is one of a group of individuals elected by a company’s shareholders to represent their interests and provide guidance and advice to the corporate CEO. The role of the director (as part of a board of directors) is to select and evaluate the CEO, review and establish corporate strategy, make decisions regarding dividends and other shareholder issues and oversee regulatory compliance. A director can be an inside director employed by or affiliated with the company or an independent director with no prior affiliation. Generally, a director serves a two- or three-year term after which he/she must be re-elected by shareholders. A director is expected to attend quarterly board meetings and to serve on one or more board committees.

In the US, The Sarbanes-Oxley Act of 2002 requires that every director who serves on the audit committee must be an independent director.


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https://payrollheaven.com/define/directors/
Modern Language Association (MLA):
Director(s). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 01, 2020 https://payrollheaven.com/define/directors/.
Chicago Manual of Style (CMS):
Director(s). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/directors/ (accessed: April 01, 2020).
American Psychological Association (APA):
Director(s). PayrollHeaven.com. Retrieved April 01, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/directors/

Definition Sources


Definitions for Director(s) are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.