The current economic climate is demanding more of management. Boards need to look to non-executive directors for guidance on handling these challenges, while thinking about taking opportunities. The final quarter of 2022 is seeing business squeezed by challenges in both supply and demand, and it looks likely that the UK will slip into recession by the end…
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If you have applied for NED roles, interviewed, or exchanged with recruiters and boards, you will certainly have come across the term “fit”. “We think you are the right fit for our organisation”. “You are strong candidate and interviewed well but we appointed a candidate that was a better fit for our board”. Have…
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Find your voice in the boardroom When you embarked on your NED journey, you were told that one of the important attributes to bring to a board room would be an ability to challenge and ask questions. But how do you deal with being the newbie, a not so inclusive chair or very talkative…
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The NED recruitment process is competitive. Your applications may not always be successful. What to do if you are not appointed? Receiving an email or a call isn’t necessary the end. Read on to find out what is next? Ask for feedback Always ask for feedback. The more insights from recruiters you receive,…
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Conflicts of interest abound at board level. They are an important issue that all NEDs and boards have to handle. Conflicts distort decision-making and have the potential to undermine the integrity of boards. Recognising a conflict can be more complicated than you might think. Guest speakers James Whitaker co-leads Mayer Brown’s global Environmental,…
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Boards face the ‘perfect storm’ of high-impact interlocking risks, finds new Chartered Institute of Internal Auditor’s report, Risk In Focus 2023 The War in Ukraine, coupled with an accelerating cost of living catastrophe, and a looming recession has significantly intensified a wide range of business-critical risks for many organisations. As businesses continue to grapple…
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“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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