NEDonBoard had the pleasure of welcoming Kathie Child-Villiers, Iain Cornish and Mary Hardy to discuss the board best practices in the oversight of internal audit by the audit committee and the board. The panel discussion was chaired by Jonathan Hayward from Independent Audit. In this blog post, we outline some of the insights that attendees…
Cyber risk to date has featured on many boardroom agendas. Sometimes as a regular item, sometimes buried deep within the overall risk reports. The board are charged with creating the strategy and accounting to the shareholders for company performance. Naturally, risk management features significantly in most companies. Large companies are usually more sophisticated at monitoring…
On 15 January 2018 Carillion plc was forced into liquidation. Prior to its demise, Carillion was a multinational construction services and facilities management company with headquarters in Wolverhampton, United Kingdom. Carillion, prior to its liquidation, had liabilities of about £7 billion, was the second largest construction company in the UK, was listed on the London…
The purpose of risk management in financial services is usually defined as to ‘protect and enable’. The ‘protect’ dimension can refer to the franchise value of the business but is mainly about protecting from regulatory intervention. ‘Enable’ has a perspective of value (however defined) and achievement of company objectives. AI-based (Artificial Intelligence) solutions, leveraging on vast…
Following NEDonBoard’s board best practice meeting series with the experienced board community to discuss risk committees in financial services, NEDonBoard produced a white paper and hosted a panel discussion to disseminate key findings with the wider board community. The videoed panel discussion of Board Best Practice – Risk Committee in Financial Services, as well succinct interviews with experienced guest speakers, are available to members.
Top 5 take-aways on how to best engage in your role as a NED: an interview with Michael Winslow During your due diligence / induction, impromptu visits into the business can help better understand it and what is going on. This means being proactive; when things are not purposely and perfectly setup, then you see…
Predictions by Ian Lloyd, Director at Vistage UK. Human interaction is back. the link between positive working relationships and increased collaboration and job satisfaction is nothing new. Look at Apple’s new facility and Google Cafés as examples of what’s possible when people stop emailing and start talking. While technology can make us more efficient we…
In December 2017, the Financial Reporting Council (FRC) published proposals for the latest revisions to the UK Corporate Governance Code (Code). The FRC received over 250 responses from various parties. NEDonBoard sent its response on behalf of its members and the community of non-executive directors and board members. Director independence and tenure limit Proposal…
We truly appreciate just how much more effective better-balanced boards are thanks to the many inspiring women we have worked with, including our outstanding advisors and our remarkable NEDonBoard community members. For example,FTSE 250 NED Anne-Marie Durbin, spoke with us during an interview addressing questions around boardroom culture, the positive and negative factors relating to engagement…
NEDonBoard submitted to the FRC it’s response to the consultation on the UK Revised Corporate Governance Code. NEDonBoard thanks its members and audience for their contribution, in particular, Elise Perraud, Nicky Heathcote and Laura Marianello. In December 2017, the Financial Reporting Council (FRC) published proposals for the latest revisions to the UK Corporate Governance Code (Code),…
