Do Different’s experiences team work with organisations in a non-executive director (NED) role capacity.
The role of a NED is to provide a creative contribution and improvement to the board by providing dispassionate and objective criticism.This role may change depending on the organisation. We are usually not involved in the day-to-day management of the company but monitor the executive activity and contribute to the development strategy.
Non-executive directors can also be referred to as external directors; External directors are people of stature and experience who can act as both a source of wise independent advice and a check on any wilder elements on a board.
According to the institute of Directors, Non-executive directors are expected to focus on board matters and not stray into ‘executive direction,’ thus providing an independent view of the company that is removed from day-to-day running.
Non-executive directors are appointed to the board to bring:
• Wide experience;
• Special knowledge;
• Personal qualities.
Together with the five important the achievement of balance of the board of directors as a whole as well as commitment, perception and a broad perspective of the area or industry. More key responsibilities may include:
• Contributing to the strategic direction of the company;
• Efficiently solving problems that arise;
• Communicating with third parties;
• Ensuring all the audit requirements are satisfied;
• Remuneration of the executive directors;
• Appointing the board of directors.
For more information about how Do Different can support your organisation with NED services, please contact the team today.