The non-executive director (NED or NXD) continues to evolve, grow and expand. This trend for finding the best non-execs for your board seems to be growing steam. Here are 2 facts showing the NED role is opening up. Legal Definitions Evolving The Institute of Directors (IOD) has discussed the legal application of 2006 Companies Act to…
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A non-executive director plays an important part in many organisations. Because they aren’t actually an employee of a company, they have a unique role that’s slightly different than a traditional executive who is part of the management team. Whether you’re looking for your first role as an NED or already have experience in this…
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These days, more and more executive boards are realizing that a non-executive director (NED) can be one of their greatest assets. However, there are oftentimes situations in which a NED’s performance can and should lead to dismissal. To learn more about this important issue, be sure to review the brief guide that appears below: When…
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Unfortunately, the topic of the differences between NED’s in the public sector and NEDs in the private sector is not a greatly researched topic. However, it is immensely important to gain an insight into the distinctions between the two roles, subsequently allowing both, boards and non-execs to understand how non-execs may be able to cross…
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There are many benefits to this position including flexibility, authority and convenience. Here are the necessary elements of a non-exec agreement. Non-Exec Director Offers Wider Perspective Firms hire non-execs to offer an outsider vantage point. At times, internal executives can be too timid to offer contradictory viewpoints on corporate issues. A NED can offer a…
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These days, more and more people are contemplating careers as non-executive director. If you have given any consideration to working in this role, you should note that there are a plethora of rules and regulations that are typically considered to be must follow guidelines within this sphere. To learn more about these must follow NED…
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One non-executive position that is often viewed with an exceptional amount of ambiguity is the assignment to the remuneration committee. The remuneration committee is a board within the board that is established for the purpose of ensuring that all remuneration arrangements work within the structure of the business strategy for the purpose of the motivation,…
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These days, more and more organizations are looking for a highly qualified non-executive director to help their companies. If this is your vocational objective, you should know that the key to getting your first NXD position is oftentimes networking. With this thought in mind, be sure to review the following networking strategies so you can…
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There have been a number of recent business scandals and corporate collapses that were the direct result of poor ethics. These recent issues have led to a call for a higher standard of business ethics, further regulations and training in ethics. It is important to understand that to effectively impact the ethics of a company,…
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When it comes to understanding the role of a non-executive director, there seems to be a significant amount of nebulosity. There is also a shroud of mystification around the multifaceted role of the NED, which tends to discourage many competent executives from seeking NED positions with companies. There is no doubt that the evolving economic…
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