Environmental, social, and governance (ESG) refers to the three key areas that impact an organisation’s long-term performance and success. The “social” or “societal” component of ESG refers to the ways in which a company’s actions and practices impact society and the broader community. What does the social and societal issues entail? The social…
The non-executive role on subsidiary boards: this was the theme of the roundtable organised by NEDonBoard in March 2023. The objectives of roundtable discussions are to provide a safe and enjoyable environment for members to share their experience, build and nurture relationship with board level peers and advance governance practices. Attendees: Susanne Alfs…
Championing the consumer from the boardroom: what can we draw from the FCA Consumer Duty as non-executive directors operating within and outside the financial services industry. NEDonBoard, the Institute of Board Members hosted a session ahead of the implementation of the FCA Consumer Duty in July 2023. The objective of the session was to share…
One year on from the Russian invasion of Ukraine, it is clear geopolitical uncertainty is here to stay. Boards should act by ensuring their organisations have robust scenario-planning processes in place. That is one of the key messages for boards coming out of the new Chartered IIA and Airmic report ‘Navigating Geopolitical Risk’. The…
The ESG agenda should now be firmly on the board agenda. If it is not, it could be leaving the business open to high impact risks, missed opportunities and reputational damage. Multiple stakeholders are increasingly making investment decisions based on how a business addresses the environmental and social impacts it is creating. Furthermore, ESG…
In this blog, we describe the Consumer Duty introduced by the Financial Conduct Authority (FCA) in 2022 and the relevance of the principles to companies that may not be regulated by the FCA. Read on to find out how the principles may improve your practice as a non-executive director and contribute to the long-term…
The use of artificial intelligence (AI) is growing rapidly across the world, changing whole sectors, creating business opportunities and with the potential to drive economic growth and transform lives. It can, however, cause damage and harm to organisations using it and wider society so it has to be effectively controlled and managed by all…
Non-executive directors are expected to have a range of skills and experiences that benefit the company they serve. Some of the key skills and attributes are commonly sought by organisations: Strategic thinking and decision-making: your ability to understand the company’s strategy and vision, and to provide constructive input and guidance to the board on…
In this blog, we explore the role of the board and non-executive directors in driving innovation. Innovation is important in the boardroom because it drives growth, competitiveness, and long-term success for the organisation. Innovation can be a key factor in determining the organisation’s ability to adapt to changing markets and customer needs, and to…
