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Do you need a Non-Executive Director?

By Rachel

According to NEDonBoard, “Non-Executive Directors challenge, question and monitor the CEO and senior management; they bring an independent perspective to decision-making; they hold senior management to account; they also support and mentor the CEO and senior management. They are a “critical friend” and must act in the interests of the company’s stakeholders (e.g. shareholders, employees, pensioners, suppliers)”. The UK corporate governance code suggests that “at least half of the board directors in larger companies should be non-execs. Smaller companies should have at least two.” Most businesses can benefit hugely from specialist and senior expertise, but this is not necessary or affordable on (more…) …read more

Read more here:: Do you need a Non-Executive Director?

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