What does Outside Directors mean? Read on to discover the definition & meaning of the term Outside Directors - to help you better understand the language used in insurance policies.
Members of a corporate board of directors who are not employees of the corporation or otherwise affiliated with it. Outside directors usually have special qualifications and expertise that make them valuable in managing the company hence their appointment to the company's board. In contrast to outside directors are inside directors, who are also employees of the corporation.
We hope the you have a better understanding of the meaning of Outside Directors.