Executive director
Means a director who is an officer or employee, or is otherwise involved in day-to-day management, of either:
(a) The bank;
(b) Another company which is a controller of the bank;
(c) Another company of which the bank is a controller ; or
(d) Another company which is controlled by a controller of the bank.
In this definition, the word "company" which is a controller of the bank excludes sovereigns such as government owned entities and government ministries.
Amended: April 2011