In this blog, Francis Kean, Executive Director at Willis discusses a 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…
Details
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.…
Details
NEDonBoard is a supporter of the Risk Guidance Initiative. This blog provides the background to the upcoming round-table meeting held on 26th September 2019. NEDonBoard members interested in participating in the discussion and contributing to the consultation should e-mail [email protected] (1 Fen Court, London EC3M 5BN, 10.30 AM – 12.30 noon). Written by…
Details
In this week’s blog, we discuss the importance of healthy board dynamics to increase the effectiveness of the decision-making process and create an enjoyable environment in which individual board members thrive. Written by Elise Perraud. What do we mean by board dynamics and why this is important? Board dynamics are the way individual…
Details
13 frequently forgotten facts about board appointments By Julie Garland McLellan Principle J of the UK Corporate Governance Code discusses board appointments. It says that “appointments to the board should be subject to a formal, rigorous and transparent procedure, and an effective succession plan should be maintained for board and senior management”. In this blog…
Details
According to NEDonBoard, “Non-Executive Directors challenge, question and monitor the CEO and senior management; they bring an independent perspective to decision-making; they hold senior management to account; they also support and mentor the CEO and senior management. They are a “critical friend” and must act in the interests of the company’s stakeholders (e.g. shareholders, employees,…
Details
NEDonBoard is pleased to bring you some expert recommendations from experienced NED and trustee Paul Boyle OBE. Paul Boyle OBE is Chairman of the whistleblowing charity, Protect; a non-executive board member at the Government Internal Audit Agency (GIIA) and a NED at Mogo Holdings. He is a chartered accountant with 35 years’ experience in commercial…
Details
In this blog, Richard Winfield describes how businesses can access support and guidance in managing and growing their business operations. He proposes four different avenues for small businesses to receive knowledge and expertise. Professional advisers Boards should choose accountants and lawyers who are able to provide business advice as well as fulfilling legal requirements.…
Details
In this week’s blog, we discuss why companies should be interested in corporate governance and how corporate governance should evolve as businesses grow and complexify. When, why and where should companies look outside for help? Until recently the requirement for companies in the United Kingdom to adopt a formal corporate governance code was…
Details