Non-executive directors and board members, as company directors, have responsibilities over the financial viability of the company on which they serve. The collapse of Carillion has exposed the failings of certain individuals and it is crucial for non-executive directors and board members to remain current, hear the perspective and views of boardroom experts and be…
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Having identified the need for corporate governance principles applicable to large private companies, the Financial Reporting Council (FRC), on behalf of James Wates, CBE, published a consultation on a set of principles focused on improving transparency and accountability in this area. ‘Known as the Wates Corporate Governance Principles for Large Private Companies, the principles are…
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Top Tips on Becoming 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…
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The Ryanair situation offers an interesting case for our non-executive director and board member community. NEDonBoard is launching a consultation to hear the view of its members. We will be publishing the responses in an upcoming blog post. In December 2017, Ryanair agreed to recognise trade unions for pilots and cabin crew in an attempt to head off…
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What are the qualities of risk committee chairs? 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 risk committee chair should possess. …
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Following last week’s article, The New UK Corporate Governance Code by Mark Cardale, Part I – which provided an overview of updates to the UK Corporate Governance Code, published on 16 July, 2018 – in Part II we focus on some selected points where the draft Code has been altered following the 2018 FRC consultation. Introduction to…
DetailsThe 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 a final version of its new Guidance on Board Effectiveness and a Feedback Statement on…
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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 vital for the survival…
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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…
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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…
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