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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Finding the Right University, School or Programme for Non-Executive Directors As many non-executive directors know, there is not one programme you can take to become a non-executive director. Non-executive directors often serve on various boards in different industries and organisations. However, there are certain courses every non-executive director should focus on including leadership, management and…
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The manner in which a corporate board of directors is governed is directly connected with the industry in which the business operates. However, with that recognised, there are governance framework considerations that transcend both industries and individual corporations. There is a board governance framework that is generally appropriate to virtually any type of corporate enterprise operating…
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What is a NED? A non-executive director (NED) is an objective, independent, and unbiased individual who provides a creative, strategic and unique contribution in the boardroom. NEDs are expected to concentrate on matters of the board and stay clear of making any executive decisions. In doing so, they provide a keen insight as well as…
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These days, the role of the non-executive director (NED) is considered to be more important than it was previously. Most companies hire NEDs because they want to ascertain that their managers are actually achieving the objectives of efficiently using the funds of their shareholders. However, the role of the non-executive director will depend on the…
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