NEDonBoard submitted to the FRC it’s response to the consultation on the UK Revised Corporate Governance Code. NEDonBoard thanks its members and audience for their contribution, in particular, Elise Perraud, Nicky Heathcote and Laura Marianello. In December 2017, the Financial Reporting Council (FRC) published proposals for the latest revisions to the UK Corporate Governance Code (Code),…
When joining a board as a NED, you will often be asked to take on a committee role. Understanding how these committees best operate is therefore important for an aspiring NED, and following a series of best practice meetings, NEDonBoard was honoured to welcome experienced audit committee chair Mary Reilly to chair a summary best…
Expert interview with Annemarie Durbin: What you need to know about boardroom culture and engagement Advice for non-executive directors in relation to boardroom culture I think culture is a really interesting dynamic that you see in the boardroom. Theoretically, in the boardroom, the culture that you see there should be a microcosm of the…
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…
FRC’s stance on boardroom culture and diversity. NED Expert Interview with Sir Win Bischoff Sir Win Bischoff is Chairman of the Financial Reporting Council in the United Kingdom and Chairman of JP Morgan Securities plc. He is a Director of S&P Global Inc, and is a member of the International Advisory Board of Akbank TAS,…
What are the most effective boardroom behaviours you have witnessed ? I would certainly start with constructive challenging, but one where people are treating each other with respect. The chairman sets the tone, and if it’s a poor chairman then people will be treated with disrespect [and perhaps a] curt manner. You’ll find non-executives trying…
What is likely to go wrong in a boardroom? I think what goes wrong starts with the Chair. Typically, chairship – [poor] leading and controlling and orchestrating of a meeting – is where chairmen fall. As a result of that, the rest starts to dissipate and gets worse as a result of not having…
The FRC’s Annual Open Meeting was held last month in the City of London, providing an opportunity for all those on the FRC’s mailing list (effectively those who want to be there) to hear the views of senior figures in the FRC on the outcome of the last year and the FRC’s positioning for the…
Joint guidance on stakeholder engagement, first promised by ICSA and the Investment Association in the wake of the Government’s 2016 Green Paper on corporate governance reform, was published in September 2017. Its publication follows the recent Government response to its consultation on the Green Paper, in which ICSA and the Investment Association were asked to…
In August 2017, the UK Government released it’s Corporate Governance Reform – government response to it’s November 2016 green paper consultation. The consultation had set out to receive views on how to improve the corporate governance framework, and having received 375 responses, the newly released paper ‘identifies nine proposals for reform which it now intends…
