Continuing with our expert interview series, we connected with Phil Festa. Phil is Director of Non-Executive Engagement at Huntswood, the UK’s leading provider of specialist resourcing and consultancy in compliance, governance and complaints. Huntswood’s ambition is to maximise clients’ reputation by helping them adhere to good governance and regulatory compliance and thereby build trust and…
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Inline with our mission to connect business leaders and provide members with expert knowledge, we are launching a series of interviews with experienced NEDs, board members and consultants in the field. These interviews will draw on experience from across a spectrum of boards, backgrounds and skill sets to meet the diversity of our members. Launching the…
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A number of credited research settings have highlighted the need for diversity on boards, crediting this to the ability to sustain a high performance level. The inclusion of women has particularly been cited for broadening the perspectives and the options that are offered. While most Chief Executive Officers have been known to recognise the significance…
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A Good NED Advances the Future of a Business Every board needs a good, level NED. Whilst non-executive directors are not in charge of day-to-day duties, they are vitally important to the corporation or charity’s future because their role is to create long-range plans and policies that will be embedded for years to come. A…
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Diversity breeds progress and – disregarding the fact that in 2015 this conversation should be unnecessary – women add diversity to any board they join. Simply put, women have a different set of experiences and a separate history – they bring something unique to the boards they join. According to a February 2015 study by…
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Recently, Tracey Bleakley, Chief Executive of the Association of Police and Crime Commissioners, offered some invaluable advice for candidates aspiring to become a non-executive director. Mr. Bleakley, non-executive director of the Insolvency Service and also a trustee of the Money Advice Trust, which operates the National Debtline and Business Debtline, said applying for the first non-executive…
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Vince Cable sends warning over slowdown in appointments of female board members to UK companies as first described by Elizabeth Rigby, FT. Top British businesses are at risk of failure to meet a voluntary quota for increasing the percentage of females on boards; they must boost their efforts or face legal consequences, according to Vince Cable, the…
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The position of a non-executive director for a bank is part-time, yet is paid more than five times the national average full-time wage. This discrepancy is so-called ‘danger money’- a rise in pay as a result of reforms that can allow bankers to be held accountable for mistakes. These penalties go so far as jailing executives,…
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An observation has revealed that a significant amount of well-trained executives have not performed well during the interview process with the nominating committee members of corporate boards. Due to the uniqueness and the specificity involved in a non-exec position, it is worth offering some advice that will increase the chances of you securing your first…
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The primary function of a non-executive director (NED) is to provide an independent viewpoint to the company board of directors. Thus, can the NED be self-employed? This naturally leads to another question – what are the best careers, skills or aptitudes for a non-executive director? Can the NED be self-employed? Most corporate boards of directors…
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