A skills matrix, also called a competency matrix, maps the required and desired skills for a board to successfully deliver its corporate mission. The skills matrix is a visual tool that clearly identifies the required, available and missing skills and competencies in a board. This is why it is widely used by Nominations Committee in their succession planning. In this…
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Written by Elise Perraud The average age of non-executive directors serving the top 150 FTSE boards was 60.6 in 2018, up from 59 in 2013 and 58.5 in 2008, representing a 3.6% increase over the 10-year period (source: 2018 UK Spencer Stuart Board Index). Is there a risk that having an older NED pool…
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On 5th February 2020, the Parker Review published a progress report on the representation of ethnic minorities on FTSE boards. It says that there has been some but limited progress in increasing the representation of people of colour (also referred as BAME in this article) in UK boardrooms and that meeting the target of…
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2018 saw the publication of the “shorter and sharper” UK Corporate Governance Code, the introduction of new corporate governance reporting requirements in The Companies (Miscellaneous Reporting) Regulations 2018 and the establishment of the Wates Corporate Governance Principles for Large Private Companies. The regulations and corporate governance provisions apply in relation to the financial years…
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Dear fellow board members, Your participation in NEDonBoard activities made 2019 our best year ever, that’s completely thanks to you – our community of NEDonBoard members. So whichever cities you’re reading this from, thank you for being the biggest part of the board revolution. NEDonBoard exceeded nearly all of its targets, (except for one,…
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In this blog, Vanda Murray OBE describes what it takes to be an effective non-executive director. A must-read for aspiring non-executive directors and those building a portfolio. Also, a useful reminder for more experienced board members! The role of the Non-Executive Director (NED) has changed significantly over the last twenty years and continues to change…
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2018 saw the publication of an updated UK Corporate Governance Code, the introduction of new corporate governance reporting requirements in The Companies (Miscellaneous Reporting) Regulations 2018 as well as the establishment of the Wates Corporate Governance Principles for Large Private Companies. The regulations and corporate governance provisions apply in relation to the financial years of…
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This week, NEDonBoard welcomes Kathryn Eade to its blog to give recommendations to individual professionals aspiring to the boardroom on how to secure your first non-executive director role. You’ve been thinking about maybe becoming a NED, but not sure how to go about landing that first role? I was recently part of the NEDonBoard /…
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As the end of 2019 approaches, this is a time to reflect on what NEDonBoard has accomplished with its members and the community of NEDs and board members. Resources NEDonBoard has enriched its platform with more exclusive content for its members. The NEDonBoard platform is unique in that it is truly independent and is…
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