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: non-executive directors
What makes an effective NED?
Posted in Governance Reframed
Also tagged board, board effectiveness, challenge, directors, independent non-executive directors, INEDs, NED, NEDs, senior independent director
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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, directors, governance, group, independent non-executive directors, parent, regulatory requirements, shareholder, subsidiary
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Boards, NEDs and Challenge
One of the key responsibilities of a non-executive director is to hold management (including the executive directors) to account. That’s done through oversight, including by challenge. Over the last few years, I’ve picked up that ‘challenge’ is getting a bad rap and a NED who challenges management can be seen as difficult, not being a […]
What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
Posted in Articles
Also tagged board effectiveness, board of directors, boards, challenge, controls, corporate governance, culture, D&I, diversity, diversity and inclusion, EWI, governance, groupthink, KRI, MI, strategy
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