Examlex
When decisions tend to be made at lower levels in an organization,the organization is said to be decentralized.
Outside Director
A member of a company's board of directors who is not part of the company's executive staff and is typically brought in to provide a broader perspective and ensure impartial oversight.
Quorum
A quorum is the minimum number of members required to be present at a meeting to make the proceedings of that meeting valid.
Directors
Members of a board elected or appointed to govern the affairs of a corporation or organization.
Meeting
A gathering of individuals or representatives for the purpose of discussing and acting upon matters of common interest.
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