Payment practices: your board responsibilities

Payment practices: your board responsibilities

Written by Elise Perraud   What your payment practices tell your stakeholders about your culture and your ESG strategy. Your responsibilities as a non-executive director and board member to identify and address potential issues in the procurement and finance processes, payment practices and supplier relationships.   Companies’ payment practices came into the spotlight after the…

Stakeholder engagement: clients and customers

Stakeholder engagement: clients and customers

On 30th March 2021, NEDonBoard put customer experience (CX) and stakeholder management at the front and centre of its session. Engaging effectively with stakeholders, of whom clients and customers are an essential group for most organisations, has become business critical, even more so with the global pandemic and the acceleration of digital transformation. Mike Ashton…

The Board’s Role in Strategy

The Board’s Role in Strategy

Written by Steven Münchenberg  “No battle plan ever survives contact with the enemy.” “Everybody has a plan until they get punched in the mouth.” Whether your preferred quote comes from a Prussian general or an American boxer, every board is surely feeling the truth of these words. The pandemic has meant strategies have been thrown into disarray…

Cyber incident preparedness and response

Cyber incident preparedness and response

On 16th March 2021, NEDonBoard hosted a cyber security event, focused on cyber preparedness and incident response. We welcomed back the National Cyber Security Center, with whom we organised 4 events in 2020. Insights from NEDs and subject matter experts, Jacob Abboud and Richard Preece complemented the NCSC presentation.   Guest speakers The National Cyber…

Vestd - Why it may be beneficial for SME to give shares for NEDs

Why it may be beneficial for SME NEDs to have real ‘skin in the game’ in the form of shares or options

Written by Ifty Nasir   Do you have a stake in your company? As a non-executive director, you’ll know that NEDs contribute so much to the delivery of a company’s mission. Given NEDs’ substantial and measurable contribution, should they consider holding shares or options as part of their reward alongside a day rate?   It…