director

(redirected from Macromedia)
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

Director

One who supervises, regulates, or controls.

A director is the head of an organization, either elected or appointed, who generally has certain powers and duties relating to management or administration. A corporation's board of directors is composed of a group of people who are elected by the shareholders to make important company policy decisions.

Director has been used synonymously with manager.

director

n. 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. (See: corporation, board of directors)

director

noun administrator, boss, chief, curator, executor, foreman, governor, guide, inspector, leader, manager, overseer, presiding officer, proctor, procurator, superintendent, supervisor
Associated concepts: board of directors, de facto director, de jure director, director's liability, dummy director, interlockkng directorates
See also: administrator, caretaker, chairman, chief, employer, principal, procurator, superintendent

director

a person who conducts the affairs of a company. Directors act as agents of the company, owe fiduciary duties to it and have a duty of care towards it. Directors may have executive functions or they may be non-executive directors, their principal functions being to safeguard the interests of investors. Directors, while not servants of the company as such, have a responsibility to it not dissimilar to the responsibility owed by a trustee to his beneficiaries. Specifically, directors are under duties to exercise their powers for the purposes for which they were conferred and to exercise them bona fide for the benefit of the company as a whole; and not to put themselves in a position in which their duties to the company and their personal interests may conflict.

First directors are usually named in the articles of association; however, it is not uncommon for the articles, instead of naming directors, to contain a power for the subscribers, or a majority of them, to appoint them. Following appointment, the normal procedure is for directors to retire by rotation, although a director's office may be vacated in other circumstances. A retiring director is eligible for re-election and the members at the annual general meeting at which a director retires may fill the vacated office by electing the same or another person to it.

The appointment of directors of a public limited company must be voted on individually unless the members who are present agree by resolution, without dissent, to a single resolution appointing two or more directors. Like trustees, directors are not entitled as of right to remuneration; accordingly, a director has no claim to payment for his services unless, as is usual, there is a provision for payment in the articles. In insolvency proceedings, legislation empowers the court to make a disqualification order disqualifying the persons specified in the order from being directors of companies and from otherwise being concerned with a company's affairs. A company director may be removed by special resolution, notwithstanding anything in the articles or in any agreement between him and the company. Special notice of such a resolution must be given.

References in periodicals archive ?
Purchases made before the end of October offer educators access to a variety of resources and special discounts from the Macromedia Back-to-School Resource Center.
The combined requirements for application security, business performance improvements, and great user experiences were driving forces for Enterra's new Premier Partnership with Macromedia," said Jeff Whatcott, Vice President of Product Management, Macromedia.
Flash video is delivered via Macromedia Flash Player, allowing content publishers to reach the largest possible audience on the web and to deploy high-quality online video across all major platforms and browsers, while lowering the costs of development, quality assurance, and support.
Macromedia, the Macromedia logo, Macromedia Breeze, and Macromedia Captivate are trademarks or registered trademarks of Macromedia, Inc.
The SAP Analytics site includes more than 100 analytic applications that development and solution management teams built with Macromedia Flex(TM) and SAP NetWeaver Visual Composer in less time than any other product in the SAP portfolio.
Integrations with Mercury LoadRunner(R), part of Mercury Performance Center, will help support performance testing of Flex applications, whether the applications integrate with back-end data using XML, SOAP web services, or the Macromedia AMF binary protocol.
As part of the Macromedia Labs debut today, developers can download an alpha release of Flex Builder 2 and Flash Player 8.
Macromedia, the Macromedia logo, and Macromedia Breeze are trademarks or registered trademarks of Macromedia, Inc.
We are pleased to welcome Tiger developers, who can now combine the power of ColdFusion with the power of the Tiger platform; offering companies of all sizes exciting new opportunities to build and deploy dynamic web applications," said David Mendels, general manager, Macromedia.
Breeze is delivered through Macromedia Flash Player, which forms the backbone of the Macromedia Flash Platform and is currently installed on nearly 600 million Internet-connected desktops and mobile devices.