Board Dynamics

By Rachel

In this week’s blog, we discuss the importance of healthy board dynamics to increase the effectiveness of the decision-making process and create an enjoyable environment in which individual board members thrive. Written by Elise Perraud. What do we mean by board dynamics and why this is important? Board dynamics are the way individual company directors interact with each other during board meetings i.e. how they speak to each other, how they express their ideas and debates them, how they reach conclusions. Board dynamics are healthy when: ideas are debated robustly, in a constructive way and respectfully; all board (more…) …read more

Read more here:: Board Dynamics

NEDs and Advisory Boards for Start-Ups and SMEs

By Liv Noble

Recently NEDonBoard shared insights on the evolution of corporate governance, how businesses can access support and guidance, why boards should consider setting up advisory boards, the 5 factors that will enable effective advisory boards, and the top 5 reasons for bringing a NED on Board. Considering the benefits of advisory boards, members are able to access a series of speeches and interviews with board advisors and entrepreneurs (below) recorded at a NEDonBoard NED-Business networking event cohosted with Natwest’s London Entrepreneur Accelerator. Advisory Board Insights: Allan Blake Recorded June 2019. Advisory Board Insights: Dr. Hanine Estephan Recorded June 2019. Entrepreneur Perspective (more…) …read more

Read more here:: NEDs and Advisory Boards for Start-Ups and SMEs

13 frequently forgotten facts about board appointments

By Rachel

13 frequently forgotten facts about board appointments By Julie Garland McLellan Principle J of the UK Corporate Governance Code discusses board appointments. It says that “appointments to the board should be subject to a formal, rigorous and transparent procedure, and an effective succession plan should be maintained for board and senior management”. In this blog post, brought to the NEDonBoard community by Julie Garland McLellan, we explore 13 frequently forgotten facts about board appointments. There is no automatic right for a shareholder of any size to have a nominee on the board. No director is legally able to act in (more…) …read more

Read more here:: 13 frequently forgotten facts about board appointments

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?

NEDonBoard expert interview: whistleblowing practices by Paul Boyle OBE, experienced NED, chair and trustee and chair of the whistleblowing charity Protect

By Rachel

NEDonBoard is pleased to bring you some expert recommendations from experienced NED and trustee Paul Boyle OBE. Paul Boyle OBE is Chairman of the whistleblowing charity, Protect; a non-executive board member at the Government Internal Audit Agency (GIIA) and a NED at Mogo Holdings. He is a chartered accountant with 35 years’ experience in commercial roles in a variety of industries and in leadership roles in regulatory organisations. Paul was the Aviva’s Chief Internal Auditor (2010 – 2017), President of the Chartered Institute of Internal Auditors (UK & Ireland) (2016 – 2017) and the Chief Executive of the Financial Reporting (more…) …read more

Read more here:: NEDonBoard expert interview: whistleblowing practices by Paul Boyle OBE, experienced NED, chair and trustee and chair of the whistleblowing charity Protect

Richard Winfield on how businesses can access support and guidance

By Rachel

In this blog, Richard Winfield describes how businesses can access support and guidance in managing and growing their business operations. He proposes four different avenues for small businesses to receive knowledge and expertise. Professional advisers Boards should choose accountants and lawyers who are able to provide business advice as well as fulfilling legal requirements. They may also be blessed with a wise and supportive bank manager. In addition, they should investigate services provided by organisations such as chambers of commerce, trade associations and government agencies. Consultants, coaches and facilitators A wide range of individuals and companies are able (more…) …read more

Read more here:: Richard Winfield on how businesses can access support and guidance