a member of the governing board of a corporation or association elected or re-elected
at annual meetings of the shareholders or members. As a group the directors are
responsible for the policy making, but not day-to-day operation, which is handled
by officers and other managers. In some cases, a director may also be an officer,
but need not be a shareholder. Most states require a minimum of three directors
on corporate boards. Often lay people dealing with corporations confuse directors
with officers. Officers are employees hired by the board of directors to manage
the business.
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