Business Pitch Dictionary by pitch.dog
Boards, directors & committees · Working

Lead independent director

Also called: senior independent director, SID

ELI5

An independent director designated to coordinate independent board leadership, especially where the chair is not independent.

Used in conversation

“The board paper must state who owns and approves lead independent director.”

Pitch context

You will see “Lead independent director” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.