A recent article by The Guardian, highlighted a panel discussion around recent developments in board diversity. Of note it focused on conversation around the the movement away from what may have previously been considered the ‘typical NED’, and increase in female NED representation and those from an ethnic minority background. However, more than this, boards are…
The boardroom dynamic is a crucial factor to a well-functioning board. Following a NEDonBoard interview with renowned Chairman, Patrick Dunne, this article is a succinct highlight of some important contributors, from the perspective of a Chair. What are the key ingredients for an effective board? Clarity of purpose The right people working together in the right…
How do you build a portfolio? For most this is a complex challenge, and for most it takes a good three years, but for the aspirant NED there are five priorities. You need to get your CV right (a Board CV differs from an executive one – different experience, themes and skillsets are highlighted); you…
To ‘further enhance our competitiveness’, the UK government is looking to strengthen the UK’s corporate governance framework, issuing a Green Paper, Corporate Governance Reform, in November 2016. Responses to the Green Paper can be submitted until mid-February 2017. For a reminder, the current UK Corporate Governance Code (most recently updated in April 2016 by the Financial…
Recently we published an article focusing on structure and requirements for an effective board of directors by Frank Lewis, an experienced non-executive director. This follow-up article highlights corporate governance for growing companies. WHAT ARE THE OBJECTIVES OF CORPORATE GOVERNANCE? Corporate Governance is the system of processes, activities, standards and reporting to facilitate and deliver growth…
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 this article, Les Green offers insights into joining the ‘10% club’. He is Managing Partner of Lex Associates LLP, a specialist in the support, development and financing of fast growing companies. He has assisted dozens of companies during past 25 years and personally launched two new businesses: he sold his first to a UK…
What to consider as a NED? Expert interview with Simon Jones As a NED, it is essential that you have access to high quality information – in particular when the business you are working for is going through major challenges, upheaval or economic uncertainty. How do you get a better insight? Well, here are five…
Dr. Sabine Dembkowski is an international board advisor. Her interview with NEDonBoard is well worth a read to find out about preparing for a new board role and what sets apart a well-functioning board from one not so well-functioning. What should non-executives do to be correctly prepared for a new board role? Being an…
A good NED advances the future of a business Every board needs a good NED. Whilst non-executive directors are not in charge of day-to-day duties, they are vitally important to an organisation’s future because: Their role is to create long-range plans and policies that will be embedded for years to come and Their duty is…
