The board journey to frame, implement and monitor purpose: best practices and lessons learned In September 2022, NEDonBoard, together with Grant Thornton, hosted a hybrid session. We explored some board level perspectives, experiences, best practices, and lessons learned around purpose and strategy. We also covered the journey of framing, implementing, and monitoring purpose. Sarah Bell,…
Written by Elise Perraud The average age of non-executive directors serving the top 150 FTSE boards was 60.6 in 2018, up from 59 in 2013 and 58.5 in 2008, representing a 3.6% increase over the 10-year period (source: 2018 UK Spencer Stuart Board Index). Is there a risk that having an older NED pool…
In this blog, we discuss the importance of healthy board dynamics to increase the effectiveness of the decision-making process and create an enjoyable environment in which individual board members thrive. What do we mean by board dynamics and why this is important? Board dynamics are the way individual company directors interact with each…
The nine-year limit for chairs is putting a number of FTSE 350 companies under pressure to replace their chairs. But is this cause for concern or a good thing? Pub chain founder Tim Martin is vehemently opposed to the idea that he should no longer sit as chair of JD Weatherspoon, after already serving 36…
In September 2018, NEDonBoard hosted a series of roundtable discussions with the experienced portfolio board chairs; committee chairs; NEDs, company secretaries and CEOs. Following this, NEDonBoard hosted a panel discussion sharing some of the key insights from both the round table discussions and personally of the panellists.
The panel discussion was recorded for NEDonBoard members unable to attend, and can be viewed here – a worthwhile watch for any aspirant chair and those experienced in the role looking to continue the learning journey.
Mr Ghosn was arrested in November 2018 on suspicion of understating his compensation package in the reported financial statements of Nissan. His arrest has raised uncertainty over the future of Renault-Nissan. The corporate scandal has highlighted important corporate governance issues worth the attention of the NEDonBoard community of non-executive directors and board members. To discuss…
The Ryanair situation offers an interesting case for our non-executive director and board member community. In December 2017, Ryanair agreed to recognise trade unions for pilots and cabin crew in an attempt to head off strikes planned during the Christmas period. But unrest have been ongoing. Ryanair has had to cancel thousands of flights because of strikes over staff working conditions, making…
Having interviewed Sir Win Bischoff, following a NEDonBoard panel evening, there are some clear skills and considerations which best enable a Board to work effectively in harmony. Following on from Part I, Part II highlights the importance of engaging with board members to ensure effective governance. Message to non-executive directors to ensure effective governance Engage with…
Structure and requirement for an effective board of directors: 1. It should be clearly noted that in terms of the Companies Act, all Directors, Executive and Non-Executive Directors have a statutory duty to promote the success of the Company for the benefit of its members as a whole.# 2. CHARACTERISTICS OF AN EFFECTIVE BOARD WISHING…
In line with our mission to connect business leaders and provide members with expert knowledge, we are launching a series of interviews with experienced NEDs, board members and consultants in the field. These interviews will draw on experience from across a spectrum of boards, backgrounds and skill sets to meet the diversity of our members.…
