Dictionary of Accounting Terms: inside director
inside director
individual on the board of directors who is an employee of the company.
Dictionary of Banking Terms: inside director
inside director
member of a firm's board of directors who is also a member of its management, such as the president or chief executive officer, as opposed to outside directors appointed for their reputation in the community. Directors of banking institutions can be removed by federal banking regulators if they abuse their office, in contrast to directors of nonfinancial companies.
