The Board’s Role in Strategy

The board’s role in strategy

Written by Steven Münchenberg  “No battle plan ever survives contact with the enemy.” “Everybody has a plan until they get punched in the mouth.” Whether your preferred quote comes from a Prussian general or an American boxer, every board is surely feeling the truth of these words. The pandemic has meant strategies have been thrown into disarray…

Vestd - Why it may be beneficial for SME to give shares for NEDs

Why it may be beneficial for SME NEDs to have real ‘skin in the game’ in the form of shares or options

Non-executive director remuneration: pros and cons of remuneration with equity or options   Do you have a stake in your company? As a non-executive director, you’ll know that NEDs contribute so much to the delivery of a company’s mission. Given NEDs’ substantial and measurable contribution, should they consider holding shares or options as part of…

Operational Resilience event insights

Operational resilience: considerations and key questions for boards

In January 2021, NEDonBoard welcomed Justin Elks and Paul Taylor to discuss the topic of operational resilience.   Justin Elks is Managing Director of the Crowe UK consulting practice. He was recognised by InsuranceERM magazine as one of the most influential people in Enterprise Risk Management in Insurance across Europe. Justin is an experienced board…

Digital transformation: your role as a non-executive and board member

Digital transformation: your role as a non-executive and board member

Written by Elise Perraud, NEDonBoard COO   In this blog, we discuss the digital transformation of businesses and the responsibilities of boards and non-executive directors in (i) developing their knowledge and skills and (ii) ensuring that their boards have suitable expertise, for the sustainable long-term success of their organisations. Digital transformation refers to the use…

Data governance is as important as money management

Data governance is as important as money management

Written by Julie Garland McLellan   Does your board have a firm grasp on your company’s data and technology strategies? Over the years, boards have developed skills in financial and operational oversight and the practices that allow good governance of finance and operations are well known, firmly regulated, and expected by directors. Boards receive reports from…

K2 Integrity - What NEDs Need to Know About Whistleblowers

What NEDs need to know about whistleblowers

Board directors need to ensure effective oversight of their firm’s whistleblowing arrangements. If handled badly, a whistleblowing issue can result in significant reputational and financial damage for an organisation.   NED Oversight of Whistleblowing Arrangements: Financial Services and Insurance Industries In the financial services and insurance industries, board oversight of firms’ whistleblowing arrangements has been…

What are the benefits of NED training courses?

How to become a non-executive director

In this article, NEDonBoard explains how to become a non-executive director (NED). We also answer frequently asked questions about the role and importance of NEDs and outline the advantages of fast-tracking your NED ambitions with the NED Accelerator Programme.   What is a non-executive director? As a non-executive director or NED, you will sit on…

Mitigating fraud risk in the wake of a global pandemic

  The 2008 financial crisis changed how organisations—and their boards—viewed risk mitigation. Now, as the global economy reels from a pandemic and seeks to return to normalcy, there is little question boards will need to keep risk mitigation top of mind, particularly as it relates to fraud. In times of economic stress, companies face heightened…