On 15 January 2018 Carillion plc was forced into liquidation. Prior to its demise, Carillion was a multinational construction services and facilities management company with headquarters in Wolverhampton, United Kingdom. Carillion, prior to its liquidation, had liabilities of about £7 billion, was the second largest construction company in the UK, was listed on the London…
The collapse of Carillion has reignited debate about the effectiveness of non-executive directors. Specifically, the report issued by the Parliamentary select committee in May outlined the role of Carillion’s board of directors in the collapse of the company. As the Professional Body for the non-executive director and board member community, NEDonBoard calls for non-executive directors…
In the past few weeks, we have asked our community to share the lessons that they have learned from the high profile collapse of Carillion. Engagement from the NEDonBoard community has been great and we thank you for sharing your views. In this article, we are publishing some of the answers we received to our…
The report of the select committees on the collapse of Carillion, released on 16th May highlighted a few of the fundamental considerations that non-executive directors, chairs and senior executives (members of the board of directors) should have in mind when they accept their nomination. For members of the NEDonBoard community that have attended our acclaimed…
Top 5 take-aways on how to best engage in your role as a NED: an interview with Michael Winslow During your due diligence / induction, impromptu visits into the business can help better understand it and what is going on. This means being proactive; when things are not purposely and perfectly setup, then you see…
In March 2018, NEDonBoard hosted a conference, Tomorrow’s Business: Tomorrow’s Board. In this article, we share some of the insights given by our outstanding speakers and panellists: Jeremy Small, Anna Marks, Dr. Yvonne Thompson CBE, Gillian Karran-Cumberlege, Elisabeth Stheeman, Jemima Coleman, Neil Sinclair, Abeed Janmohamed and Sharon Constancon. Here is a summary a few…
NEDonBoard hosted a conference in March 2018, “Tomorrow’s Business: Tomorrow’s Board”. In organising the conference, we made the choice to feature a Culture and Leadership panel to discuss the importance of achieving diversity in the boardroom. Diversity takes many forms and UK boards have room for improvement to achieve broader representation in the boardroom in…
In December 2017, the Financial Reporting Council (FRC) published proposals for the latest revisions to the UK Corporate Governance Code (Code). The FRC received over 250 responses from various parties. NEDonBoard sent its response on behalf of its members and the community of non-executive directors and board members. Director independence and tenure limit Proposal…
We truly appreciate just how much more effective better-balanced boards are thanks to the many inspiring women we have worked with, including our outstanding advisors and our remarkable NEDonBoard community members. For example,FTSE 250 NED Anne-Marie Durbin, spoke with us during an interview addressing questions around boardroom culture, the positive and negative factors relating to engagement…
The FRC has invited interested parties to respond to the Consultation by Wednesday 28th February. NEDonBoard has coordinated a response on behalf of its members and community. NEDonBoard focused its response on Part 1 of the consultation related to the UK Corporate Governance Code and Guidance on Board Effectiveness Questions. We acknowledge that the FRC will publish on…
