What are the main differences between NED roles in the private and public sectors?

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 understand the distinctions between the roles, subsequently allowing both, boards and non-executives to understand how non-executives may be able to cross the divide that exists in the two different…

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What should be included in a non-executive agreement or NED contract?

The appointment of a non-executive director is a contract for services and not a contract of employment. The NED or non-executive contract or agreement is referred as a letter of appointment and some key elements should be included. The article highlights some of the terms that incoming non-executive directors should expect when they review the…

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Is Being on the Remuneration Committee a Headache or an Opportunity?

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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Boardroom culture and ethical leadership are fundamental to sustainable long-term success: your responsibilities as non-executive directors

Culture and ethics in the boardroom: the ethical compass of the company Your role as a non-executive director and board members   Business scandals and corporate collapses may be the direct result of poor ethics. Each scandal leads to a call for a higher standard of business ethics, further regulations and training in ethics. It…

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How Has the Non Executive Director Role have Changed between 2008 and 2015?

Not too long ago, many non-executive directors, or NEDs, played more of a ceremonial role in the board rather than a truly functional one. Many were appointed by senior executives simply to add some gravitas to a board, without toppling the applecart. However, the role and responsibilities of non-executive directors are rapidly changing. The days…

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