In this week’s blog, NEDonBoard is pleased to welcome Vanda Murray OBE for her insights about what it takes to be an effective non-executive director. We take this opportunity to thank Vanda for sharing her thoughts with the NEDonBoard community. The role of the Non-Executive Director (NED) has changed significantly over the last twenty…
Today, stakeholders expect information on a company’s environmental, social and governance (ESG) practices. ESG is rising in importance on the board agenda and will be discussed more frequently in the coming years. While large and sophisticated companies are more advanced, ESG considerations may not have made the board agenda of smaller companies. All boards will…
In this blog, Francis Kean, Executive Director at Willis Towers Watson discusses the need for company directors and companies to focus on the important elements of D&O policies, as these are becoming longer and more complex, and as claims activity has increased and there are signs that the market may be hardening. NEDs should…
October is Black History Month. In the UK, the practice of observing Black History Month started in the 1980’s. The purpose of Black History Month is to honour the achievements of black people throughout the generations. NEDonBoard encourages and promotes greater diversity in boardrooms. Effective boards are diverse boards that avoid the pitfalls of group-thinking.…
Written by Elizabeth Osta Non-executive directors are faced with unprecedented change brought by the digital revolution. They are accountable for steering their companies in the right direction. Digital strategies are the key to unlock unprecedented growth and yet several studies point that most of the spend in digital is often going to waste and does…
On Monday 23rd September, Thomas Cook entered into liquidation, impacting hundreds of customers leaving them without flights and holidays as well as lenders, suppliers, partners, landlords of the high-street shops, employees (21,000 of them) and pensioners. Like other corporate failures and collapses, questions have emerged around: The role of the board, senior executive team and…
Written by Elise Perraud Activist activity is ramping up as passive investors are becoming more active while the new Corporate Governance Code promote the engagement of boards with shareholders and other stakeholders. It is important for NEDs and board members to have adequate governance frameworks which are aligned with shareholders’ expectations and address potential…
In this blog, Francis Kean, Executive Director at Willis discusses very interesting research run by the Centre for Business Law and Practice, School of Law University of Leeds and the University of Liverpool Management School about directors’ duties in the UK and the business judgement rule. Between 1742 and 2017 it seems there have…
Board refreshment and succession planning by Elise Perraud Board refreshment and succession planning are important aspects of the recently introduced UK Corporate Governance Code and Wates Corporate Governance Principles for Large Private Companies. Recruiting the right NEDs is imperative for companies to address complex business challenges, remain competitive, innovate and answer shareholders’ demand for diversity.…
