NEDonBoard, Institute of Board Members comments as government announces measures to tackle late payments to small businesses.
NEDonBoard, Institute of Board Members, professional membership and development body for non-executive directors, welcomes the government’s initiatives to tackle late payment of invoices.
London, 16th October 2023 – NEDonBoard, Institute of Board Members, the professional body dedicated to serving the interests of non-executive directors, supports the UK government’s recent announcement of measures aimed at addressing the issue of late payment of invoices, with a keen focus on its relevance to non-executive directors.
Late payment of invoices has long been a concern for small businesses and their directors, including non-executive directors, who play a vital role in shaping corporate governance and financial stability. The initiatives align with the interests and responsibilities of non-executive directors, such as promoting transparent and ethical financial conduct, fair payment culture, solid ESG strategy and financial acumen.
NEDonBoard, Institute of Board Members’ General Director expressed his support for these announcements: “Non-executive directors have a crucial role to play in ensuring that businesses operate ethically, transparently, and with financial prudence. The measures to address late payment of invoices resonate with our organisation’s commitment to upholding these values. They will benefit both our members and the small or larger businesses they serve.”
NEDonBoard, Institute of Board Members, is the professional membership and development body for non-executive directors and board members. It provides independent, curated, practical, and actionable insights for directors to secure non-executive roles and excel in the boardroom. It promotes the role of non-executive directors and board members and board best practices for the common good.