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.


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.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Director(s). Payroll & Accounting Heaven Ltd. April 01, 2020
Chicago Manual of Style (CMS):
Director(s). Payroll & Accounting Heaven Ltd. (accessed: April 01, 2020).
American Psychological Association (APA):
Director(s). Retrieved April 01, 2020, from website:

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.