Dual Director definition

Dual Director means any non-employee director who, as of and immediately following the Distribution Date, serves on both the Parent Board and the SpinCo Board.
Sample 1Sample 2Sample 3
Dual Director means any non-employee director who, as of and immediately following the Effective Time, serves on both the BHC Board and the B+L Board;
Sample 1Sample 2

Examples of Dual Director in a sentence

  • This approach accounts for the possibility that the coefficients on Firm Has Dual Director might vary by spinoff “type,” making it necessary to construct the indicator variable, Large Share of Sales, to identify these two spinoff types.

  • Wald tests are used to measure the significance of the difference between the coefficients on Firm Has Dual Director (Hamilton & Nickerson, 2003; Mayer & Nickerson, 2005; Li & Prabhala, 2007).

  • Thus, Firm Has Dual Director is the dependent variable in the first-stage regression.

  • An appropriate instrument must be correlated with the endogenous variable (Firm Has Dual Director) but not with the outcome variable of interest3I also use generalized estimating equations (GEE) to fit population-averaged panel data models that account for the effects of autocorrelation in my variables.

  • Paragraph/page/line: Page 15 Comment: 3) Consistency of Terminology a.

  • To represent the presence of dual directors on parent and spinoff firm boards, Firm Has Dual Director is an indicator variable that takes the value one if a parent-spinoff firm pair shares at least one common director, and zero if not.Hypotheses 2 and 3 are about the performance implications of dual directors contingent on the share of sales the spinoff firm makes to the parent firm.

  • Notwithstanding the general rule, a Dual Director will be entitled to a Meeting Fee under the Bank Plan for any Bank Board meeting that is not held on the same day as a CFC Board meeting (a "Stand-Alone Bank Meeting").

  • Prior to the amendment, a CFC Director who also served as a Bank Director (a "Dual Director") was compensated for service on both Boards.

  • Beginning with the 2008 calendar year, a Dual Director will no longer receive compensation under the Bank Plan.

  • An appropriate instrument must be correlated with the endogenous variable (Firm Has Dual Director) but not with the outcome variable of interest3I also use generalized estimating equations (GEE) to fit population-averaged panel data models thataccount for the effects of autocorrelation in my variables.