DEFERRED PROSECUTION AGREEMENTS – SHOULD THEY BE TAKEN OFF THE SHELVES? – Clyde & Co

By Rachel

Since the introduction of Deferred Prosecution Agreements (DPAs) into the UK in February 2014 there have been four reported cases to date (Standard Bank, XYZ, Rolls-Royce and Tesco). DPAs are appealing to both corporates and the Serious Fraud Office (SFO). They allow corporations to escape criminal prosecution by paying a fine and improving compliance. This avoids lengthy, expensive and often complicated trials, spares the corporation concerned and can assist with the SFO’s publicly reported resourcing issues. The Tesco DPA In March 2017 we saw one of the largest fines being imposed in the UK under the DPA system. (more…) …read more

Read more here:: DEFERRED PROSECUTION AGREEMENTS – SHOULD THEY BE TAKEN OFF THE SHELVES? – Clyde & Co

The collapse of Patisserie Valerie offers some key lessons for non-executive directors and board members. Find out what these lessons are!

By Rachel

On Tuesday 22nd January, Patisserie Valerie announced that it failed to secure an extension to its lending facilities and that it had to collapse into administration. Patisserie Valerie is the latest high-profile company to collapse because of fraud and inaccurate data. This raises some of the exact same issues as the collapse of Carillion did: quality of the audit work performed by the external auditors, lack of strong internal controls and poor governance. In this post, NEDonBoard highlights some of its learnings from the collapse for the community of non-executive directors and board members. The role of the external (more…) …read more

Read more here:: The collapse of Patisserie Valerie offers some key lessons for non-executive directors and board members. Find out what these lessons are!

NEDonBoard calls for SMEs and large private companies to draw from its pool of talented business leaders and appoint NEDs that will help them drive growth, deliver strategic objectives and fulfill their corporate mission

By Rachel

NEDonBoard press release, London, Thursday 17th January 2019 NEDonBoard calls for SMEs and large private companies to draw from its pool of talented business leaders and appoint NEDs and/or advisory board members who will help them drive growth, deliver strategic objectives and fulfill their corporate mission. SMEs and large private companies must understand the value that NEDs and/or advisory board members bring to their board. In 2019, SMEs and large private companies must make it a priority to tap the pool of skilled, talented and experienced business leaders ready to take on a new board position and leverage their skills, (more…) …read more

Read more here:: NEDonBoard calls for SMEs and large private companies to draw from its pool of talented business leaders and appoint NEDs that will help them drive growth, deliver strategic objectives and fulfill their corporate mission

NEDonBoard Board Best Practice – Chairs

By Liv Noble

In September 2018, NEDonBoard hosted a series of roundtable discussions with the experienced chair and board community. Contributing to discussions were experienced portfolio board chairs; committee chairs; NEDs, company secretaries and CEOs. Following this, NEDonBoard hosted a panel discussion sharing some of the key insights from both the round table discussions and personally of the panellists. The panel discussion, hosted at Grant Thornton’s offices, was recorded for NEDonBoard members unable to attend, and can be viewed below, and is a worthwhile watch for any aspirant chair and those experienced in the role looking to continue the learning journey. A copy (more…) …read more

Read more here:: NEDonBoard Board Best Practice – Chairs

UK Corporate Governance Code – An Evening with Chairman of FRC

By Liv Noble

A highly recommended video to watch for all board members interested in good corporate governance. NEDonBoard hosted an evening dedicated to corporate governance on October 17th, 2018. Guest speaker Sir Win Bischoff, Chairman of the FRC, spoke around good corporate governance, and key elements of the new UK Corporate Governance Code (effective from January 1st, 2019). Interviewing Sir Win was portfolio non-executive director, Kathie Child-Villiers. (more…) …read more

Read more here:: UK Corporate Governance Code – An Evening with Chairman of FRC

The International Board Director – by Hajara Al Amodi

By Rachel

Evolving Boardrooms Board rooms have come a long way and are still evolving. It used to be something a retired professional did on a volunteer basis to help a CEO friend. Later the accountant, company secretary, and a few others joined and were paid a nominal amount for the service. The table started growing as more and more people started to join as a director. However, it was still considered a retirement activity or something to be done on a part time basis. Law, media, and the shareholders did not pay too much attention to a company’s board room. The (more…) …read more

Read more here:: The International Board Director – by Hajara Al Amodi

Key Governance Learnings from the Renault-Nissan Scandal

By Rachel

Mr Ghosn was arrested in November on suspicion of understating his compensation package in the reported financial statements of Nissan. His arrest has raised uncertainty over the future of Renault-Nissan. The corporate scandal has highlighted important corporate governance issues worth the attention of the NEDonBoard community of non-executive directors and board members. To discuss these issues, NEDonBoard brings to you the view of Loic Dessaint, CEO of Proxinvest, a French independent proxy firm to outline some of the good governance practices that have been missing at Renault-Nissan and a few key learnings for non-executive directors and board members. For (more…) …read more

Read more here:: Key Governance Learnings from the Renault-Nissan Scandal