The Non-Executive Director

For some organisations, particularly owner managers, a Non-Executive Director (NED) has much in common with a Bidet! Being something one quite fancies but not really something one is clear on how to use! A NED is a common position in many substantial companies indeed the combined code (a code of good practice for listed companies) recommends that for every Executive director you have a Non-Executive director. In privately owned companies of course such a specific may be neither relevant nor indeed affordable

Getting a great NED and the work great is important here, can prove to be of huge value in creating a strong and well performing board. It has been found that the top reason for board failure is the structure of the board itself and there is no doubt that the utilization of a competent Non-Executive director can add substance and credibility to an owner managed company.

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