In page navigation
Alternate director
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
The articles of association of a company sometimes give a director power to appoint another person. known as an alternate director, to act for him at a specified meeting of the board of directors which he is unable to attend. The extent of the authority of the alternate director and his entitlement, if any, to remuneration will be determined by the relevant paragraph in the articles. The approval of the other directors is a common requirement. Alternate directors should not be confused with ‘associate directors’. nominal appointees to the board representing, say, employees’ interests, nor should the concept be confused with the rotation of board membership, whereby directors take it in turn to resign each year and apply for reappointment. Alternate directors are peculiar to the U.K.
Reference: The Penguin Business Dictionary, 3rd edt.
More definitions
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >