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Definition of 'Non-Executive Director'
A member of a company's board of directors who is not part of the executive team. A non-executive director (NED) typically does not engage in the day-to-day management of the organization, but is involved in policy making and planning exercises. In addition, non-executive directors' responsibilities include the monitoring of the executive directors, and to act in the interest of any stakeholders. Also called external director, independent director and outside director.
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Investopedia explains 'Non-Executive Director'
Non-executive directors are often included in a firm's lineup for public relations reasons; for instance, the non-executive director's community status and experience could provide good exposure for the firm. Even though they are non-working directors, they can share liability with the executive directors of the firm.
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Search results for 'Non-Executive Director'
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http://www.investopedia.com/articles/fundamental/03/070903.asp
... Typical corporate governance measures include appointing non-executive directors,
placing constraints on ... Ben is the director of Bay of Thermi Limited, an ...
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