Non Executive board recruitment.
A non-executive director (NED) may not be involved in the day-to-day running of the business but adds real value to your company. NEDs are typically appointed for their experience and expertise in a particular area, such as finance, law, or marketing.
They play an important role in providing oversight and challenge to the executive team, and in helping to set the company's strategic direction. Recruiting the right board members is crucial.
The specific duties and responsibilities of NEDs will vary depending on the size and type of company, but they typically include:
Providing constructive challenge and support to the executive team
Overseeing the company's risk management and internal controls
Approving the company's strategic plan and budget
Setting the company's values and standards
Ensuring that the company complies with all relevant laws and regulations
Remunerating the executive team
Appointing and removing executive directors
NEDs are also expected to act independently and in the best interests of the company as a whole. This means that they should not be influenced by their own personal or financial interests, or by the interests of any particular shareholder group. Playing an important role in the UK corporate governance system. They help to ensure that companies are well-managed and operate in a responsible and ethical manner in addition to bringing in a wealth of experience, knowledge and industry connections.
Here are some of the benefits of having NEDs on a company board:
- NEDs can provide independent and objective advice to the executive team.
- NEDs can help to identify and mitigate risks.
- NEDs can bring new ideas and perspectives to the board.
- NEDs can help to improve the company's corporate governance practices.
- NEDs can enhance the company's reputation with investors and other stakeholders.
Recruiting your next Non Executive Director
Our Recruitment campaigns are the perfect solution for recruiting non executive directors who aren't available on the open market. Since 2005, we have built up a local network of industry professionals, specialising in finding highly experienced and qualified NEDs. Typically representing organisations within land and development, or public sector organisations looking for experts from the private sector or rival boards. We are experts in NED recruitment and helping to appoint committee chairs for all board committees including:
- Audit and Risk Committee
- Remuneration committee
- Nominations Committee
- ESG Committee
If you are interesting in working with us to find your next NED, our recruitment campaigns can give you access to experts not available on the open market. For further information and to view our campaign examples, please contact us on 01223 845333, or visit our recruitment partnering services to view case studies and find out more about our premium services.