interest (noun, in-ter-est, \ ˈɪntrɪst \) director (noun, di-rec-tor, \ dɪˈrektər \)
Definition: is also known as a director’s interest, this term may refer to a couple of definitions. First of all, it signifies the ownership of a company’s funds and securities by one of its directors. The amount of director’s interest is always a part of a company’s balance sheet and its income statement. A director may also include the information about his or her interest in the regular reports, written personally by him or her. Another concept that the term “interest of director” might define is the amount of revenue or other advantages (both financial and non-financial) a director receives as a result of a certain business deal or a contract. It signifies the director’s involvement in the company operations, from which he or she receives profit.
In a Sentence:
- The annual accounts are now available to the public, just like the interest of director.
- The interest of director should be presented to all of the shareholders during the next general meeting.
- The interest of director isn’t necessarily required to be disclosed, especially when there’s no conflict of interests.
Synonyms and related words: ownership, business operation, revenue, director’s report, director’s interest, balance sheet, business deal