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NON-EXECUTIVE DIRECTORSHIPS |
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Studies have shown that companies benefit significantly from having independent, non-executive directors on their boards. Their breadth of view, especially in the areas of strategy, independent thinking and knowledge, complement the daily business focus of executive directors. The combination of these in the boardroom gives an organisation the best opportunity to succeed in today's business world.
Non-Executive Directors can be extremely useful to the employing Company. In many Companies, it can be relatively simple for the management structure to slip into an introverted and staid approach to business. It is fairly common for traditional, family owned businesses to fall into the trap of "we've always done it this way - why should we change".
A Non-Executive Director however, can often see risks and opportunities in the marketplace that are sometimes overlooked by the Executive Management. This is because they are not wrapped up in the day to day running of the business. A Non-Executive Director can, therefore, step back from the hurly burly of every day business life and see things from a different perspective.
The role of a Non-Executive Director can be particularly important when the Chairman or Chief Executive Officer of a Company is especially entrepreneurial or overbearing. Non-Executive Directors can have an influence to moderate a Chief Executive Officer who is doing the business for his own ego or financial benefit and not those of the Shareholders.
Our service is based on an annual retainer calculated on the number of days involvement. Additionally, expenses are charged in accordance with our Consultancy Terms.
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