age (noun, age, \ eɪdʒ \) restriction (noun, re-stric-tion, \ rɪˈstrɪkʃn \) on directors (noun, di-rec-tors, \ dəˈrektərz \)
Definition: in most scenarios, there are no age limits presented to a person that stands to be appointed or elected as a director of a company. Furthermore, even if an organization includes a provision regulating this subject in its articles of association, it can be legally revoked and declared invalid in court. However, there are some jurisdictions that define a specific minimum or maximum age. For instance, in Scotland, a director has to be at least sixteen years old, while in the UK, he or she can’t older than seventy.
In a Sentence:
The management of Y-leks tried to force an age restriction on directors provision to prevent the appointment of the 19-year old Frederick. However, as soon as this case reached the court, they immediately gave up, and the owner’s son became a member of the board.
I understand that he’ll turn seventy-one next month, but this whole age restriction on directors thing is ridiculous. You know that Mr. Upton is still the best executive in the entire company, and so does the rest of the board, and yet there’s nothing we can do to let him stay.
Synonyms and related words: disqualification of directors, director, remuneration of directors, appointment of directors, board of directors