Who is referred to as a 'director' in a corporate setting?

In a corporate setting, the term 'director' typically refers to a person elected to manage corporate affairs. This role is significant because directors are responsible for making key decisions regarding the direction and management of the company. They are part of the board of directors, which is accountable for overseeing the company's operations, ensuring compliance with laws and regulations, and protecting the interests of shareholders.

Directors play a crucial role in corporate governance, setting policies, and guiding the organization towards its strategic objectives. Their authority and responsibilities are defined in the company's bylaws and corporate governance documents, which outline how the company is to be managed and how decisions are made at the highest levels.

In contrast, the other options do not accurately define the role of a corporate director. A judge overseeing a corporate trial does not hold a managerial position within the company, while a person managing operational tasks generally refers to a manager rather than a director. Lastly, a shareholder is someone who owns shares in the company, but does not necessarily have a role in its management unless they are also elected as a director.