Corporate Governance
Non-Executive Director
Definition
What is Non-Executive Director?
A board member who does not take part in day-to-day management.
Example in practice
How This Looks in Practice
A non-executive director challenges management assumptions and monitors performance.
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Related Terms
Corporate Governance
Proxy Vote
A vote cast by another person or electronically on behalf of a shareholder.
Corporate GovernanceAnnual General Meeting
A yearly shareholder meeting at which financial reports, directors, auditors, and other matters are considered.
Corporate GovernanceExtraordinary General Meeting
A shareholder meeting called outside the normal annual meeting to consider urgent or special matters.
ETF MechanicsCreation Unit
A large block of ETF shares exchanged between the fund and authorised participants.