On Monday 23rd September, Thomas Cook entered into liquidation, impacting hundreds of customers leaving them without flights and holidays as well as lenders, suppliers, partners, landlords of the high-street shops, employees (21,000 of them) and pensioners. Like other corporate failures and collapses, questions have emerged around: The role of the board, senior executive team and…
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Written by Elise Perraud Activist activity is ramping up as passive investors are becoming more active while the new Corporate Governance Code promote the engagement of boards with shareholders and other stakeholders. It is important for NEDs and board members to have adequate governance frameworks which are aligned with shareholders’ expectations and address potential…
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In this blog, Francis Kean, Executive Director at Willis discusses 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 have…
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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.…
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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…
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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…
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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…
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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,…
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