Non-Executive Director

Formal

A company director with a responsibility to bring independent advice and input to the management board of an enterprise. Not part of everyday business decision making - therefore ‘non-executive’. Recent worldwide developments however place an increasing onus upon Non-Executive Directors to take more responsibility for decisions taken by their executive Boards.

Real-world Example

A retired industry executive joins a company's board as a Non-Executive Director, bringing outside experience and oversight without being involved in day-to-day management.