Protecting yourself as a NED

Protecting yourself as a non-executive director

2018 saw the publication of an updated UK Corporate Governance Code, the introduction of new corporate governance reporting requirements in The Companies (Miscellaneous Reporting) Regulations 2018 as well as the establishment of the Wates Corporate Governance Principles for Large Private Companies. The regulations and corporate governance provisions apply in relation to the financial years of…

stakeholders

How effective engagement with your stakeholders can be a differentiator?

Stakeholder engagement is a core theme of the UK Corporate Governance Code and of the Wates Corporate Governance Principles for Large Private Companies. While stakeholder engagement has been embedded into section 172 of the Company Act 2006, it is The Companies (Miscellaneous Reporting) Regulations 2018 and the governance codes that have brought focus on stakeholder…

How to connect with impact to build the portfolio of roles to which you aspire

This blog is an interview of Aileen Wallace, portfolio non-executive director in which she places emphasis on connecting with impact to build a portfolio of roles.   What has been your NED journey since you started your transition? Following an executive career in Financial Services, I have transitioned to a NXD Portfolio and Board/Commercial advisory…

Willis Towers Watson

Do D&O insurance policies cover claims for ‘damages’ brought by insolvency practitioners?

In this blog, Francis Kean (Executive Director at Willis Towers Watson at the time of publication) discusses the need for company directors and companies to focus on the important elements of D&O policies, as these are becoming longer and more complex, and as claims activity has increased and there are signs that the market may…

Thomas Cook: NEDonBoard press release

In September 2019, Thomas Cook entered into liquidation, impacting hundreds of customers leaving them without flights and holidays as well as lenders, suppliers, partners, landlords of the high-street shops, employees (21,000 of them) and pensioners. Like other corporate failures and collapses, questions have emerged around: The role of the board, senior executive team and NEDs…

NEDonBoard

Board dynamics

  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…

Non executive directors

NEDonBoard expert interview: whistleblowing practices

NEDonBoard is pleased to bring you some expert recommendations from experienced NED and trustee Paul Boyle OBE. At the time of this article, Paul Boyle OBE was the Chairman of the whistleblowing charity, Protect; a non-executive board member at the Government Internal Audit Agency (GIIA) and a NED at Mogo Holdings. He is a chartered…

NEDs to be appointed on the board of Authorised Fund Managers: an update

The deadline for Authorised Fund Managers to comply with the provisions of policy statement 18/8 is September 2019. In this blog, we share an update with our community reflecting information received from our members as well as a catch-up call with the FCA that NEDonBoard held mid-July.   Background In April 2018, the FCA announced…

Key governance learnings from the failure of Patisserie Valerie

On Tuesday 22nd January 2019, Patisserie Valerie announced that it failed to secure an extension to its lending facilities and that it had to collapse into administration. Patisserie Valerie is the latest high-profile company to collapse because of fraud and inaccurate data. This raises some of the exact same issues as the collapse of Carillion…

Key governance learnings from the Renault-Nissan scandal

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…