Director
Term · Law · MLC-T-LAW-001630
An individual elected or appointed to the board of directors of a corporation, responsible for overseeing the company's management and strategic direction. Directors owe fiduciary duties of loyalty and care to the corporation and its shareholders. Their responsibilities include setting policies, making major decisions, and appointing officers.
| Identifier | MLC-T-LAW-001630 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001630",
"term": "Director",
"field": "Law",
"definition": "An individual elected or appointed to the board of directors of a corporation, responsible for overseeing the company's management and strategic direction. Directors owe fiduciary duties of loyalty and care to the corporation and its shareholders. Their responsibilities include setting policies, making major decisions, and appointing officers.",
"url": "https://mlchart.com/terminology/law/director/"
}
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