Section 2 Outside Director Liablity Director oInside Director D Directors who are also executives. Outside Director v.s.Independent Director Outside Director:Directors who are not excutives.(Non-Executive Director) Independent Director:Almost the same as Outsider Director,but not allowed to own shares of the company. Outside Director Liability oContent:Fiduciary Duty Consequence for Breach of Fiduciary Duty A lawsuit could oblige outside directors to pay damages or legal fees out of their own pocket. Aim:To make outside directors work hard and pay attention Page·4Page  4 Section 2 Outside Director Liablity  Director Inside Director  Directors who are also executives. Outside Director v.s. Independent Director  Outside Director: Directors who are not excutives.(Non-Executive Director)  Independent Director: Almost the same as Outsider Director, but not allowed to own shares of the company.  Outside Director Liability Content: Fiduciary Duty Consequence for Breach of Fiduciary Duty  A lawsuit could oblige outside directors to pay damages or legal fees out of their own pocket. Aim: To make outside directors work hard and pay attention