Definition: is a set of skills, education, experience or any other special qualities that can be demanded from an individual if he or she wants to be qualified for the position of a director in a company. In most situations, there are no special requirements presented in front of a candidate, but if he or she has special expertise or education that can be used for the company’s advantage, it substantially raises his or her chances to be appointed as a member of the board. Additionally, a company’s article of association can also demand a shareholding qualification from an individual that wants to serve as a director.
In a Sentence:
After the unpleasant experience with Mr. Franklin, it’s no surprise that Iron Longing’s management introduced qualifications of directors to avoid hiring an individual without an appropriate educational background.
Even though Roy is obviously the best choice for the vacant position, he doesn’t meet the qualifications of directors, as he doesn’t hold any company shares.
While we don’t have any official requirements, our qualifications of directors demand a candidate to have at least three years of experience in our business field.
Synonyms and related words: appointment of directors, board of directors, disqualification of directors, de jure director