On Tuesday 4th February, NEDonBoard met at 10 Downing Street to discuss how the NEDonBoard community of non-executive directors and board members can contribute to create the best business conditions in the UK after Brexit. This meeting follows the launch of our Board Ready-Brexit Ready initiative in October. Brexit is the ‘mother of all…
Since the introduction of Deferred Prosecution Agreements (DPAs) into the UK in February 2014 there have been four reported cases to date (Standard Bank, XYZ, Rolls-Royce and Tesco). DPAs are appealing to both corporates and the Serious Fraud Office (SFO). They allow corporations to escape criminal prosecution by paying a fine and improving compliance. This…
On Tuesday 22nd January 2019, Patisserie Valerie announced that it failed to secure an extension to its lending facilities and that it had to collapse into administration. Patisserie Valerie is the latest high-profile company to collapse because of fraud and inaccurate data. This raises some of the exact same issues as the collapse of Carillion…
NEDonBoard press release, London, Thursday 17th January 2019 NEDonBoard calls for SMEs and large private companies to draw from its pool of talented business leaders and appoint NEDs and/or advisory board members who will help them drive growth, deliver strategic objectives and fulfill their corporate mission. SMEs and large private companies must understand the value…
Evolving Boardrooms Board rooms have come a long way and are still evolving. It used to be something a retired professional did on a volunteer basis to help a CEO friend. Later the accountant, company secretary, and a few others joined and were paid a nominal amount for the service. The table started growing as…
Mr Ghosn was arrested in November on suspicion of understating his compensation package in the reported financial statements of Nissan. His arrest has raised uncertainty over the future of Renault-Nissan. The corporate scandal has highlighted important corporate governance issues worth the attention of the NEDonBoard community of non-executive directors and board members. To discuss these…
Last week, in Part 1 of this piece, we looked at distinctions between the roles of the executive and non-executive director (“NED”), the legal background to this, and the executive director’s employment contract. In Part 2 this week, we look at some further related issues. The NED’s letter of appointment A NED, like an executive…
Written by Mark Cardale People often ask what the distinctions are between executive and non-executive (NED) directors. And often this question will be linked with others – including questions about the significance of the distinctions, the value of having both executives and non-executives on the board and the means of ensuring the proper functioning of a board whose members include both…
The 2018 Hampton-Alexander Review was published on Tuesday 13th November. In 2016, the Review established clear targets aiming at increasing the number of women in leadership positions across FTSE 350 companies: 33% representation of women on FTSE 350 boards and FTSE 350 executive committee and the direct reports to executive committee by 2020. The report…
