“How many times and in what contexts do the words “green”, “eco” and “sustainable” appear in your company’s financial statements, press releases and marketing materials?” Although this question has probably not yet featured in a proposal for Directors & Officers liability insurance, it is one which external regulators and other stakeholders are examining with…
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The board journey to frame, implement and monitor purpose: best practices and lessons learned In September 2022, NEDonBoard, together with Grant Thornton, hosted a hybrid session. We explored some board level perspectives, experiences, best practices, and lessons learned around purpose and strategy. We also covered the journey of framing, implementing, and monitoring purpose. Sarah Bell,…
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Preparing for non-executive interviews: recommendations to be appointed You applied for a role and are shortlisted for interviews. Your NED CV and covering letter were compelling and attractive. Congrats! You are still a few steps away from an appointment: a few rounds of interviews await you. How do you best prepare to stand…
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How much should I get paid as a non-executive director? How much should we pay our non-executive directors? These are the two sides of the same coin when it comes to compensation of non-executive directors. NEDonBoard, the Institute of Board Members gets routinely asked these questions, from companies seeking to appoint NEDs and directors themselves.…
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Reviewing and amending articles of association: best practices and learnings from the NEDonBoard community In August 2022, NEDonBoard hosted a roundtable to draw on the experience of its community with regard to reviewing and amending articles of association. The discussion was chaired by Nicky Heathcote, portfolio NED and board chair. Introduction Articles of…
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In recent times many high-profile companies have appeared in the news due to allegations of greenwashing surrounding their Environmental, Social and Governance (ESG) and sustainable products offering. Management teams and company Boards are today more than ever finding themselves under increasing pressure to justify their commitment to saving the planet, amid accusations of widespread…
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On August 2022, NEDonBoard proposed a session on the non-executive director recruitment process, more specifically addressing the interview process. The online webinar was aimed at those growing a portfolio of roles, both aspiring and more experienced NEDs. Read on to find out the information and recommendations distilled throughout the session. You will dramatically increase…
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Introduction The Companies Act 2006 requires newly formed companies to have a memorandum of association and articles of association. The memorandum of association sets up the company while the articles of association set out how the company is run, governed, and owned. The articles of association define the responsibilities and powers of the directors and…
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Board vigilance on heightened risk of fraud as cost-of-living crisis bites urges Chartered Institute of Internal Auditors In this challenging economic climate, with the Covid-19 pandemic, the war in Ukraine, rising inflation (which has now exceeded 9%), and the cost-of-living crisis growing by the day, the opportunities and motivation to commit fraud are…
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Societal issues have elevated on the agenda of boards, because of the heightened visibility of social inequality and injustice. As social issues are coming to the fore, it has become business critical for organisations and their boards to get ahead and to develop best in class practices. Yet a majority of the board community…
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