What Insurance Do Non-Executive Directors Need?
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: The insurance that matters for a non-executive director is Directors’ and Officers’ (D&O) liability insurance, arranged and paid for by the company. Because a NED owes the full …
How to Negotiate Your First Non-Executive Director Contract
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: The hardest part of negotiating a first non-executive appointment is usually not the terms themselves but the nerve to raise them — many first-timers, flattered by the offer, …
The Pros and Cons of Recruiting an External NED
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: Recruiting an external non-executive director brings genuine independence, fresh challenge, specialist expertise the board lacks, and a wider network — the reasons most well-governed boards appoint externally. The …
What to Include in a Non-Executive Director Job Description
The Short Answer A non-executive director role description needs six things: why this appointment is being made now, the time commitment in days, the term and independence position, committee responsibilities, the statutory duties and liabilities, and the fee. The section that decides the quality of …
The Role of NEDs in Ensuring Good Corporate Governance
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: Non-executive directors are the mechanism through which several of the core principles of UK corporate governance are actually delivered. Good governance is not an abstraction — it is …
Why UK Companies Need Independent Non-Executive Directors
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: UK companies need independent non-executive directors because independence is what makes board oversight credible. An independent director has no material relationship with the company or its management, so …
The Role of Non-Executive Directors in Corporate Risk Management
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: A non-executive director’s role in risk management is one of oversight, not ownership. The board sets the tone and determines how much risk the company is willing to …
What Is the Difference Between an Independent and a Non-Executive Director?
The Short Answer In the UK they are not two different jobs. Every independent director is a non-executive director, but not every non-executive director is independent. “Non-executive” describes what the role is: a director who does not run the business. “Independent” describes what the board …
How Non-Executive Directors Protect Shareholder Interests
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: Non-executive directors protect shareholders by bringing independent challenge to the boardroom — scrutinising the executive on behalf of the people who own the company but do not run …
What Are the Legal Duties of a Non-Executive Director in the UK?
By Adrian Lawrence FCA, founder of NED Capital · Part of the Board Governance Hub In short: A non-executive director in the UK owes exactly the same seven general statutory duties as an executive director, set out in sections 171 to 177 of the Companies …
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