By Team NEDonBoard
On the horizon is a New Year, and new possibilities.
For some, a non-executive director or portfolio career may be on your agenda for 2018.
So, why should you consider a NED role? It depends on why you are looking to engage in the role – here are some reasons. Firstly, it enables you to broaden your network and gives varied and new experiences. Indeed, as highlighted in NEDonBoard’s June 2017 guide, What to Expect of the NED Role, ‘it can also strengthen a CV, leading to other appointments and career opportunities. It may well introduce you to new sectors and new ways of working, creating more diversity in your working life. It may be possible to build up a portfolio of roles, which can complement each other if they are in similar fields or require similar skills, although a portfolio of very varied roles can also be useful, giving the NED a broad perspective. To some, NED roles are a welcome change from having to focus on the operational aspects of an executive job.’
‘NED positions may give you more independence, variety, flexibility and work/life balance. Commercial NED roles are normally paid. Whilst the income is
Read more here:: Thinking of a Portfolio Career for 2018?
By Talent4Boards Team
Talent4Boards – Great Talent builds Great Boards
– USA, VA – Science Applications International Corp. (NYSE: SAIC), announced today that Mark J. Johnson has been appointed as a member of the company’s board of directors, effective December 12, 2017.… => Read more
SAIC adds Mark Johnson to the Board of Directors and its Audit Committee
Read more here:: SAIC adds Mark Johnson to the Board of Directors and its Audit Committee
By Team NEDonBoard
When joining a board as a NED, you will often be asked to take on a committee role.
Understanding how these committees best operate is therefore important for an aspiring NED, and following a series of best practice meetings, NEDonBoard was honoured to welcome experienced audit committee chair Mary Reilly to chair a summary best practice panel discussion.
The experience and insights of the panel lead to a highly informative evening, with some key nuggets captured to compliment NEDonBoard’s Best Practice, Audit Committee meeting summary document shortly to be made available for the benefit of the board level community.
Joining Mary on the panel were Paul Boyle OBE, Chair of the whistle blowing charity, Public Concern at Work; Bryan Foss, whose extensive independent non-executive director experience includes that of a Challenger business bank, NED member of the Financial Reporting Council (FRC) Audit & Assurance Council, and a NED with Fintech & Regtech startups; and Steven Baldwin, an experienced boardroom participant through NED and corporate broker roles to over 100 listed companies.
As Mary begun, the role of NEDs of the audit committee is to challenge the transparency of the organisation, and to challenge management on
Read more here:: How to enable an effective audit committee