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Last week, in Part 1 of this piece, we looked at distinctions between the roles of the executive and non-executive director (“NED”), the legal background to this, and the executive director’s employment contract. In Part 2 this week, we look at some further related issues. The NED’s letter of appointment A NED, like an executive director, will have a contract with the company, but it will not be an employment contract as such (as the executive director’s contract will be): the NED’s contract is by convention normally set out in the form of a letter, usually referred to as a letter of appointment (or letter of engagement). Again,
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