In January 2019, Metro Bank revealed that it has misclassified large numbers of commercial loans when calculating its risk-weighted assets. Since then, the challenger bank has made the headline over its weak corporate governance. The Metro Bank case is an interesting case study for NEDs. In this blog, we consider Metro’s board composition, internal controls…
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NEDs wanted! In April 2018, the FCA announced a range of measures to improve fund governance, protect investors and ensure that investors receive value from the investments. One of these measures requires the Board of Authorised Fund Managers (‘AFMs’) to be comprised of a minimum of 2 independent non-executive directors, representing at least 25% of…
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NEDs wanted! In April 2018, the FCA announced a range of measures to improve fund governance, protect investors and ensure that investors receive value from the investments. One of these measures requires the Board of Authorised Fund Managers (‘AFMs’) to be comprised of a minimum of 2 independent non-executive directors, representing at least 25% of…
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On Tuesday 5th March, NEDonBoard joined FTSE 350 chairs, CISOs and cyber experts at the launch of this year’s FTSE 350 Cyber Governance Health Check 2018. The report, produced by the UK Government, shares the results of the 2018 FTSE 350 Cyber Governance Health Check survey, ‘a non-technical governance questionnaire which assesses the extent to…
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This section of the NEDonBoard members learning area focuses on digital considerations for the board, including artificial intelligence (AI), block-chain and cyber-security themes for the board.
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This week, NEDonBoard brings to your attention the responsibility of board of directors and board members regarding GDPR a few months following the implementation of the requirements and the first few cases of breaches. Too many organisations are still complacent despite the many high-profile cases of data breaches and fines seen since the new…
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The Importance of D&O Insurance for NEDs On 29 January, Clyde & Co hosted a NEDonBoard panel discussion on the legal duties and liabilities that apply to non-executive directors (NEDs), the role of directors and officers (D&O) insurance in mitigating directors’ personal liability and the due diligence that NEDs should carry out before accepting a…
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On 29 January, Clyde & Co hosted a NEDonBoard panel discussion on the legal duties and liabilities that apply to non-executive directors (NEDs), the role of directors and officers (D&O) insurance in mitigating directors’ personal liability and the due diligence that NEDs should carry out before accepting a position on the board. In this blog…
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On Tuesday 4th February, NEDonBoard met at 10 Downing Street to discuss how the NEDonBoard community of non-executive directors and board members can contribute to create the best business conditions in the UK after Brexit. This meeting follows the launch of our Board Ready-Brexit Ready initiative in October. Brexit is the ‘mother of all…
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