Non-executive directors – NEDs – are directors of a company who don’t have management responsibilities[1] and they play a critical part in holding management (including the executive directors) to account. A brief digression, first, on the different types of NEDs. Independent non-executive directors – often referred to as INEDs – have no interest in or […]
Tag Archives: directors
What makes an effective NED?
Posted in Governance Reframed
Also tagged board, board effectiveness, challenge, independent non-executive directors, INEDs, NED, NEDs, non-executive directors, senior independent director
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Board packs and management information
All boards receive a pack of materials before a board meeting and, for banks and other financial institutions, this will include materials addressing regulatory matters. I’m setting out below some thoughts based on packs I’ve seen over the last decade or so. Some of these are obvious points but I do see them cropping up […]
Posted in Governance Reframed
Also tagged board, board of directors, board pack, management information, metrics, MI, regulation
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Governance and Group Dynamics
Governance in groups with regulated firms – whether banks or other financial institutions – involves points that don’t apply to groups of unregulated firms. The general rule is that directors of a company have: A duty of trust, a fiduciary duty to act with integrity, fairness and honesty, having regard to the interests of shareholders; […]
Posted in Governance Reframed
Also tagged conflict of interests, governance, group, independent non-executive directors, non-executive directors, parent, regulatory requirements, shareholder, subsidiary
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Governance in groups with a regulated subsidiary
Governance in groups with regulated firms – whether banks or other financial institutions – involves points that don’t apply to unregulated firms. The general rule is that directors of a company have: A duty of trust, a fiduciary duty to act with integrity, fairness and honesty, having regard to the interests of shareholders; and A […]
Posted in Governance Reframed
Also tagged board committee, governance, group governance, independent non-executive directors, parent, regulators, risk management, subsidiary
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