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…
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. This article highlights the importance to find…
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…
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 NEDs and how to enable a functional board. Needless to say, it can be highly unproductive to appoint NEDs to a board when some of the executive team, or even…
For companies looking to recruit NEDs with a legal background, Ronald Drake’s interview highlights some useful considerations and is likewise helpful to those looking for a non-exec role. My advice to Boards seeking to recruit a NED with a legal background is to ascertain whether candidates have corporate law awareness. Though legal training is…
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…
