director

/daɪ'rektə/ noun
1. a senior employee appointed by the shareholders to help run a company, who is usually in charge of one or other of its main functions, e.g. sales or human relations, and usually, but not always, a member of the board of directors
directors’ salaries salaries of directors (which have to be listed in the company’s profit and loss account)
2. the person who is in charge of a project, an official institute or other organisation
the director of the government research institute
She was appointed director of the trade association.
▪▪▪
‘…the research director will manage and direct a team of business analysts reporting on the latest developments in retail distribution throughout the UK’ [Times]
COMMENT: Directors are elected by shareholders at the AGM, though they are usually chosen by the chairman or chief executive. A board will consist of a chairman (who may be non-executive), a chief executive or managing director and a series of specialist directors in charge of various activities of the company (such as a finance director, production director or sales director). The company secretary will attend board meetings, but need not be a director. Apart from the executive directors, who are in fact employees of the company, there may be several non-executive directors, appointed either for their expertise and contacts, or as representatives of important shareholders such as banks. The board of an American company may be made up of a large number of non-executive directors and only one or two executive officers. A British board has more executive directors.

Dictionary of banking and finance. 2015.

Synonyms:

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