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LSDefine

Simple English definitions for legal terms

outside director

Read a random definition: dormant claim

A quick definition of outside director:

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.

A more thorough explanation:

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.

  • An individual who is a professor at a university and is appointed to serve on the board of directors for a technology company as an outside director.
  • A retired executive who is elected to serve on the board of directors for a healthcare company as an outside director.

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.

outrageous conduct | outside financing

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cumsock
14:41
maybe i shouldve ed'd somewhere fook
[] starfishies
14:41
does bc offer scholly in the A email?
jackfrost11770
14:41
Oh I got WL, I didn't see it in the status. Wild lmfao no one's getting off it I guess
lilypadfrog
14:42
wow huge penn wave. I think i applied too late to be in this
@jackfrost11770: penn waitlist?
14:42
lilypad when did u apply
14:42
i am dreading the penn r
@PuppyBot: oh ok makes sense
renard99
14:43
@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough
lilypadfrog
14:43
@ChowieBean: end of nov
i applied nov. 15 lily
or 12th
renard99
14:43
Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord
14:44
im still in the queue to be reviewed for penn so
lilypadfrog
14:44
@SplitterusClitterus: I applied like two weeks later. It was one of my last apps
jackfrost11770
14:44
I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever
ReminiscentZestyFish
14:45
Tru
GreyCeaselessMammoth
14:45
notHim at it again
14:45
notHim is a born WINNER
14:47
ya i basically have penn r
Trismegistus
14:48
how would you know
14:48
uh wdym. i didnt get penn A or penn WL
jackfrost11770
14:48
Check substatus, it's not an update. I didn't even notice it at first
14:48
Substatus?
14:48
i cant get into my penn rn so im just assuming
14:48
same @Eggan
cumsock
14:49
carole baskin sold all her land
14:49
If it says under committee review I’m still alive right
cumsock
14:49
for 20 million fuckin dollars
Trismegistus
14:49
that's what mine saying @sadpadresfan
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