Simple English definitions for legal terms
Read a random definition: Directive on the Legal Protection of Computer Programs
Outside Director: A person who is elected or appointed to sit on a board that manages the affairs of a corporation or organization but has little or no direct interest in the corporation. They are not employees, officers, or major shareholders of the corporation.
An outside director is a member of a company's board of directors who is not an employee or major shareholder of the company. They are appointed or elected to provide an objective perspective and exercise control over the company's officers.
These examples illustrate how outside directors bring diverse experiences and perspectives to a company's board of directors, which can help improve decision-making and prevent conflicts of interest.