The Importance of D&O Insurance for NEDs On 29 January, Clyde & Co hosted a NEDonBoard panel discussion on the legal duties and liabilities that apply to non-executive directors (NEDs), the role of directors and officers (D&O) insurance in mitigating directors’ personal liability and the due diligence that NEDs should carry out before accepting a…
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On 29 January, Clyde & Co hosted a NEDonBoard panel discussion on the legal duties and liabilities that apply to non-executive directors (NEDs), the role of directors and officers (D&O) insurance in mitigating directors’ personal liability and the due diligence that NEDs should carry out before accepting a position on the board. In this blog…
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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…
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This page includes a recording of NEDonBoard’s panel and Q&A session dated 29th January 2019 centred on: Understanding your NED Legal Duties, Liabilities and Due Diligence
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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…
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On Tuesday 22nd January, 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 did:…
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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…
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In September 2018, NEDonBoard hosted a series of roundtable discussions with the experienced portfolio board chairs; committee chairs; NEDs, company secretaries and CEOs. Following this, NEDonBoard hosted a panel discussion sharing some of the key insights from both the round table discussions and personally of the panellists.
The panel discussion was recorded for NEDonBoard members unable to attend, and can be viewed here – a worthwhile watch for any aspirant chair and those experienced in the role looking to continue the learning journey.
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A highly recommended video to watch for all board members interested in good corporate governance.
Guest speaker Sir Win Bischoff, Chairman of the FRC, spoke around good corporate governance, and key elements of the new UK Corporate Governance Code (effective from January 1st, 2019). Interviewing Sir Win was portfolio non-executive director, Kathie Child-Villiers.
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…
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