Русско-англо-русский юридический словарь

A non-executive director (abbreviated to non-exec, NED or NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. (Wikipedia)

Definition of 'Outside Director'

Any member of a company's board of directors who is not an employee or stakeholder in the company. Outside directors are paid an annual retainer fee in the form of cash, benefits and/or stock options. Corporate governance standards require public companies to have a certain number or percentage of outside directors on their boards as they are more likley to provide unbiased opinions.