In September 2019, 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 NEDs…
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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. Written by the Risk Coalition Ten years on from the financial crisis, failings in financial services remain regular occurrences and the fines keep mounting. Inadequate risk governance and oversight is frequently at the heart of these issues. Moreover, short comings in risk management are…
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In this 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. What do we mean by board dynamics and why this is important? Board dynamics are the way individual company directors interact with each…
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13 frequently forgotten facts about board appointments 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 post, brought to the…
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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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NEDonBoard is pleased to bring you some expert recommendations from experienced NED and trustee Paul Boyle OBE. At the time of this article, Paul Boyle OBE was the Chairman of the whistleblowing charity, Protect; a non-executive board member at the Government Internal Audit Agency (GIIA) and a NED at Mogo Holdings. He is a chartered…
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