How to become a non-executive director

What’s in a name? The difference between a NED and a Lay Member

This week, the NEDonBoard blog post discusses the differences and similarities between a non-executive director and a lay member.     Area of Difference Lay Member NED Type of Entity Professional bodies, NHS Entities, Children’s Boards, Bar Standards, universities, House of Commons Committee on standards, tribunals Companies (ignoring charities that use this title to describe their charity,…

Highlights of our conversation with Sir Win, Chairman of the FRC on 17th October

NEDonBoard had the pleasure to welcome Sir Win Bischoff, Chairman of the FRC for a discussion with our members on the recently published UK Corporate Governance Code. The conversation was facilitated by Kathie Child-Villiers.   In this blog post, we outline a few of the topics that were covered during the conversation between Sir Win and Kathie Child-Villiers. Next week, we…

Brexit

HARD OR SOFT BREXIT? Either way this group of board members is ready. NEDonBoard launches a Cadre of ‘BREXIT-READY’ directors urgently needed to deal with Brexit

Corporate collapses tend to have one thing in common. Board directors who take their eye off the ball or misread risk. Brexit is the ‘mother of all risks’ facing corporate Britain today. The professional body for non-executive directors and Board members, listed on gov.uk, NEDonBoard has gathered a cadre of Directors ready to step up…

NEDonBoard - Board Papers

NEDonBoard calls for Board Members to thoroughly review board materials as well as go beyond the reported information and ask themselves what they are not being told

NEDonBoard calls for Board Members to thoroughly review board materials as well as go beyond the reported information and ask themselves what they are not being told. Quite a few corporate governance situations have made the headlines of UK newspapers throughout 2018. In the cases of Carillion and Patisserie Valerie, the role of the Finance…

How to be an Effective NED

There is a growing army of Non-Executive Directors out there. The perception is they get paid thousands of pounds for turning up to a few meetings. Patricia Keating, programme lead at Tech Manchester, says that’s not the case.  There is a growing army of Non-Executive Directors (NED) out there; experienced business leaders looking to explore…

NEDonBoard - consensus of the board

Should a chair always seek consensus of the board?

NEDonBoard’s recent Board Best Practice – Chairs panel event was host to an eminent panel of experienced chairs, made all the more insightful by the variety of chair backgrounds and experience the panel had. These included FTSE, private, private equity, government, SME, and international organisations. (The full panel video will be available to members shortly in the NEDonBoard…

Being an effective NED

Experienced and effective NEDs: top tips and recommendations from your Professional Body

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…

NEDonBoard Response to the FRC Consultation upon the proposed ‘Wates Corporate Governance Principles for Large Private Companies’

Having identified the need for corporate governance principles applicable to large private companies, the Financial Reporting Council (FRC), on behalf of James Wates, CBE, published a consultation on a set of principles focused on improving transparency and accountability in this area. ‘Known as the Wates Corporate Governance Principles for Large Private Companies, the principles are…