Why Bring a NED on Board?

From the boards of small businesses and charities through to public organisations and listed companies, non-executive directors can add a wealth of experience, governance and independent perspective to enable the management to focus on the best direction of the business for the benefit of the organisation’s stakeholders. As portfolio non-executive director and chairman Frank Lewis…

Annemarie Durbin Nedonboard

Where do new non-executive directors often go wrong? NED Expert Interview with Annemarie Durbin

Having interviewed Annemarie Durbin , following a NEDonBoard panel evening, there are some clear considerations which best enable a Board to work effectively in harmony. From building relationships with the key stakeholders and management team to understanding culture dynamics in order to make a positive impact in any organisation. Following on from last week’s first part,…

Corporate Governance Code

Corporate Governance in the News

Last week saw the importance of good corporate governance within UK companies feature as a topic in columns of The Times; as well as The Independent highlighting the value of employee representation on boards. As City A.M. phrased it, ‘fixing the corporate governance problem is a national necessity’, and The Times’ article, written by Commissioners of…

Appointing a NXD? – Understand Their Role for a Functional Board

At NEDonBoard’s regular dedicated non-executive director events, discussions with members has, on numerous occasions, turned to the issues around boards fully understanding the role of NXDs and how to enable a functional board. Needless to say, it can be highly unproductive to appoint NXDs to a board when some of the executive team, or even new NXD themselves, don’t fully understand the role of…

What should be included in a non-executive agreement or NED contract?

The appointment of a non-executive director is a contract for services and not a contract of employment. The NED or non-executive contract or agreement is referred as a letter of appointment and some key elements should be included. The article highlights some of the terms that incoming non-executive directors should expect when they review the…