Mr Ghosn was arrested in November on suspicion of understating his compensation package in the reported financial statements of Nissan. His arrest has raised uncertainty over the future of Renault-Nissan. The corporate scandal has highlighted important corporate governance issues worth the attention of the NEDonBoard community of non-executive directors and board members. To discuss these…
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On Tuesday 27th November, Thomson Reuters hosted a NEDonBoard expert panel event on the key learnings from the collapse of Carillion. Olivier Garrigue, experienced Chairman, CEO and entrepreneur, chaired the panel, which comprised Kate Holton, Thomson Reuters journalist and Giles Boothman, partner and restructuring lawyer at Ashurst. Lucinda Case, Managing Director of Thomson Reuters UK…
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Last week, in Part 1 of this piece, we looked at distinctions between the roles of the executive and non-executive director (“NED”), the legal background to this, and the executive director’s employment contract. In Part 2 this week, we look at some further related issues. The NED’s letter of appointment A NED, like an executive…
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People often ask what the distinctions are between executive and non-executive (NED) directors. And often this question will be linked with others – including questions about the significance of the distinctions, the value of having both executives and non-executives on the board and the means of ensuring the proper functioning of a board whose members include both types of directors on…
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The 2018 Hampton-Alexander Review was published on Tuesday 13th November. In 2016, the Review established clear targets aiming at increasing the number of women in leadership positions across FTSE 350 companies: 33% representation of women on FTSE 350 boards and FTSE 350 executive committee and the direct reports to executive committee by 2020. The report…
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This week, the NEDonBoard blog post discusses the differences and similarities between a non-executive director and a lay member. Area of Difference Lay Member NED Type of Entity Professional bodies, NHS Entities, Children’s Boards, Bar Standards, universities, House of Commons Committee on standards, tribunals Companies (ignoring charities that use this title to describe their charity,…
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Key Nuggets of Wisdom On 17th October 2018, NEDonBoard had the pleasure to welcome Sir Win Bischoff, Chairman of the FRC for a discussion with our members on the recently published UK Corporate Governance Code. The conversation was facilitated by Kathie Child-Villiers. On this blog posts, we highlight some of Sir Win’s key nuggets of wisdom gained by…
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NEDonBoard had the pleasure to welcome Sir Win Bischoff, Chairman of the FRC for a discussion with our members on the recently published UK Corporate Governance Code. The conversation was facilitated by Kathie Child-Villiers. In this blog post, we outline a few of the topics that were covered during the conversation between Sir Win and Kathie Child-Villiers. Next week, we…
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Corporate collapses tend to have one thing in common. Board directors who take their eye off the ball or misread risk. Brexit is the ‘mother of all risks’ facing corporate Britain today. The professional body for non-executive directors and Board members, listed on gov.uk, NEDonBoard has gathered a cadre of Directors ready to step up…
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NEDonBoard calls for Board Members to thoroughly review board materials as well as go beyond the reported information and ask themselves what they are not being told. Quite a few corporate governance situations have made the headlines of UK newspapers throughout 2018. In the cases of Carillion and Patisserie Valerie, the role of the Finance…
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