Written by Elise Perraud, NEDonBoard COO What is a public appointment? Public sector NEDs are appointed on the boards of public bodies, government departments or advisory committees. Taking on a public appointment includes joining the board of directors of large public bodies as well as advisory committees, that are made up of lay members,…
On 5th February 2020, the Parker Review published a progress report on the representation of ethnic minorities on FTSE boards. It says that there has been some but limited progress in increasing the representation of people of colour (also referred as BAME in this article) in UK boardrooms and that meeting the target of…
2018 saw the publication of the “shorter and sharper” UK Corporate Governance Code, the introduction of new corporate governance reporting requirements in The Companies (Miscellaneous Reporting) Regulations 2018 and 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…
In this blog, Vanda Murray OBE describes what it takes to be an effective non-executive director. A must-read for aspiring non-executive directors and those building a portfolio. Also, a useful reminder for more experienced board members! The role of the Non-Executive Director (NED) has changed significantly over the last twenty years and continues to change…
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…
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…
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…
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…
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…
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…
