These days, the role of the non-executive director (NED) is considered to be more important than it was previously. Most companies hire NEDs because they want to ascertain that their managers are actually achieving the objectives of efficiently using the funds of their shareholders. However, the role of the non-executive director will depend on the…
Unfortunately, the topic of the differences between NED’s in the public sector and NEDs in the private sector is not a greatly researched topic. However, it is immensely important to gain an insight into the distinctions between the two roles, subsequently allowing both, boards and non-execs to understand how non-execs may be able to cross…
One non-executive position that is often viewed with an exceptional amount of ambiguity is the assignment to the remuneration committee. The remuneration committee is a board within the board that is established for the purpose of ensuring that all remuneration arrangements work within the structure of the business strategy for the purpose of the motivation,…
These days, more and more organizations are looking for a highly qualified non-executive director to help their companies. If this is your vocational objective, you should know that the key to getting your first NXD position is oftentimes networking. With this thought in mind, be sure to review the following networking strategies so you can…
When it comes to understanding the role of a non-executive director, there seems to be a significant amount of nebulosity. There is also a shroud of mystification around the multifaceted role of the NED, which tends to discourage many competent executives from seeking NED positions with companies. There is no doubt that the evolving economic…
Not too long ago, many non-executive directors, or NEDs, played more of a ceremonial role in the board rather than a truly functional one. Many were appointed by senior executives simply to add some gravitas to a board, without toppling the applecart. However, the role and responsibilities of non-executive directors are rapidly changing. The days…
If you are considering becoming a non-executive director (NED or NXD), you probably want to know what the compensation is. Who are the best paid NEDs? For which kind of companies are they working for? In 2009, the highest paid Non-Exec Director received £111,550 a year from Royal Dutch Shell. For that year, the average…
Whether you are an experienced professional in the industry or a young working professional, you should know that becoming a non-executive director is no walk in the park. Even professionals with decades of experience have to work hard to secure their first appointment in this well-sought out role. So, the question is – how do…
