Top tips to become a non-executive director NEDonBoard defines the non-executive director as “a critical friend”. What does it mean? How do you become such a person? What are the skills that make a NED effective? How do you secure a NED role and how much do you earn as a NED? In this blog post, we answer the above questions and give you tips and…
Details
The Ryanair situation offers an interesting case for our non-executive director and board member community. In December 2017, Ryanair agreed to recognise trade unions for pilots and cabin crew in an attempt to head off strikes planned during the Christmas period. But unrest have been ongoing. Ryanair has had to cancel thousands of flights because of strikes over staff working conditions, making…
Details
What are the qualities of risk committee chairs? Expert interview with Marcia Cantor Grable In April 2018, NEDonBoard hosted a Risk Committee Board Best Practice® evening event. Marcia Cantor-Grable was one of the panelists and NEDonBoard had the opportunity to interview her ahead of the panel discussion to get her view over the essential qualities that a…
Details
In this blog, we focus on some selected points where the draft Code has been altered following the 2018 FRC consultation. Introduction to the Code The introduction to the new Code has been rewritten to reflect some of the broader social concerns behind governance reform, and to emphasise the need for effective governance to be implemented on a group-wide…
Details
The long-awaited final version of the UK Corporate Governance Code was published on 16 July, 2018, reflecting the results of the consultation carried out by the FRC on a draft of the new Code (the “draft Code”) which closed in February. Along with the final version of the new Code, the FRC has also published…
Details
Toys Are Us? Blockbuster? Kodak? Or Amazon? What do the first three companies have in common? They no longer exist. This is because they all were stuck in a way of working, or an existing product and couldn’t adapt to change. Not Amazon – it just gets more and more successful each year. Change management is…
Details
NEDonBoard has been compiling views from its community following the collapse of Carillion. Members were asked to share with us the main lessons that they have learned, having regards to ‘what went wrong’, given that these may provide useful learning experience to NEDs. Today, we are publishing the view of Laura Marianello, writing in her…
Details
Cyber risk to date has featured on many boardroom agendas. Sometimes as a regular item, sometimes buried deep within the overall risk reports. The board are charged with creating the strategy and accounting to the shareholders for company performance. Naturally, risk management features significantly in most companies. Large companies are usually more sophisticated at monitoring…
Details
On 15 January 2018 Carillion plc was forced into liquidation. Prior to its demise, Carillion was a multinational construction services and facilities management company with headquarters in Wolverhampton, United Kingdom. Carillion, prior to its liquidation, had liabilities of about £7 billion, was the second largest construction company in the UK, was listed on the London…
Details
The collapse of Carillion has reignited debate about the effectiveness of non-executive directors. Specifically, the report issued by the Parliamentary select committee in May outlined the role of Carillion’s board of directors in the collapse of the company. As the Professional Body for the non-executive director and board member community, NEDonBoard calls for non-executive directors…
Details