Insiders

Definition:

Traditionally referring to the directors, senior officers and holders of more than 10% of the voting shares of the company, insiders now include anyone who possesses or has access to material, non-public information (inside information), including tippees. This could include, for example, even a junior employee who makes photocopies for a board meeting, or someone who is ‘tipped’ by an insider..

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Super Majority

A proposal requiring more than a simple majority of the votes eligible to be cast at an annual or special meeting. A super majority is often a 2/3 (66.66%) vote, but it can be as high as 3/4 (75%) or... Read More

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