Being an effective NED

Future-fit NED: tips and recommendations from NEDonBoard, the Institute of Board Members

Non-executive directors and board members, as company directors, have responsibilities over the financial viability of the company on which they serve. The collapse of Carillion has exposed the failings of certain individuals and it is crucial for non-executive directors and board members to remain current, hear the perspective and views of boardroom experts and be…

Carillion’s collapse provides important corporate governance lessons

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…

NEDonBoard calls for tougher requirements on NEDs and board members following the collapse of Carillion

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…

Carillion’s lessons learned – Part 3: what the NEDonBoard community says

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…

Carillion’s lessons learned – Part 2: back to basics

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…

Carillion’s lessons learned – Part 1: Why all non-executive directors and board members should complete a training programme

The report of the select committees on the collapse of Carillion, released on 16th May has raised a number of important issues, ranging from the company’s corporate culture; its internal control environment; the competence and complacency of its auditors and advisors; the duties of the non-executive directors, chairman and senior executives who were members of…

The 5 factors that contribute to effective corporate governance

On 20th March 2018, NEDonBoard hosted our annual conference. We had the pleasure of being joined by Jeremy Small as a keynote speaker. Jeremy addressed the audience on the importance of effective corporate governance and the role of the NED sitting in the boardroom. What is corporate governance? Corporate governance is the structure and processes…