A director of a company who is not employed by that company, typically an employee of an associated company.
- It would make clear the effect of crony relationships between management, outside directors, and institutional shareholders.
- On April 5, Cendant announced the resignation of two employed directors and the appointment of two outside directors.
- Analogous survey scales were included in a second questionnaire sent to all outside directors at firms whose CEOs had responded to the initial survey.
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