Assisting NEDs to help your business
What does the world look like from the other side of the board table? Catherine Stalker looks at how executives can help non-executive directors do their jobs better.
Non executive directors
Find out more about the role and responsibilities of a non-executive director
Need to know
In this section
Articles and features
How to find the right NED
The right non-executive directors can bring great value to board meetings, but the wrong ones can bog an organisation down in a quagmire of corporate governance, says Oliver Cummings.
How NEDs and CFOs can tackle the culture in financial services
ICAEW's Financial Services Faculty explains what Non-Executive Directors and Chief Financial Officers can do to improve organisational culture.
Assisting NEDs to help your business
What does the world look like from the other side of the board table? Catherine Stalker looks at how executives can help non-executive directors do their jobs better.
The collapse of Carillion: lessons for NEDs
In the wake of another large-scale corporate governance disaster, non-executives must present greater challenge in the boardroom to protect their companies and stakeholders
Guidance
Financial Reporting - who does what
This overview explains in simple terms who does what in the financial reporting system for UK companies with full main market listings, providing context for the current inquiry into audit, including the Brydon, Kingman, CMA and BEIS reviews.
Information overload: effective boards and committees in financial services
This report provides practical recommendations to improve the provision of information in board packs within financial services.
Information overload: effective boards and committees in financial services
ICAEW provides practical recommendations to reduce the size of board packs and make them more effective for boards. Our proposals will enable board chairs, management, executives and non-executives to improve their own papers, ensure that responsibilities are clearly defined and make sure that non-executives do not have to deal with information overload. The proposals we provide work in the context of three overarching principles.
Seven general directors' duties owed to a company
Directors have seven general duties under the Companies Act 2006.
Webinars and other recordings
Reduce the size of board packs
Following the publication of the Financial Services Faculty’s Information Overload Report earlier this year Hitesh Patel non-executive director at Aviva and chair of the ICAEW Insurance Committee and Zsuzsanna Schiff discuss how board packs can and should be improved
Succession planning for Boards, Executives and NEDs… it’s now a must have not a nice to have!
Succession planning for board members, both senior executives & NEDS – it’s an area that is often on the to do list but needs to be documented, shared and reviewed. A panel of respected board members and specialist advisors consider the current state of play and what organisations need to do to be on the front foot.
How to choose the right NED
Oliver Cummings of nurole.com covers the steps needed to choose the right Board member.
Building your cybersecurity defences
Stuart Jubb, MD of Consulting at Crossword Cybersecurity, and Nikki Cole, an experienced Non-Executive Director, discuss the processes that Boards should have in place to manage their cybersecurity risks.
Ebooks
The Library & Information Service provides a collection of eBooks as a benefit of membership. Please note that ICSA and Credo publications are only available to ICAEW members and ACA students. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.
Accounting principles for non-executive directors
Explains the key elements of a listed company's annual report and accounts.
Directors guide (5th edition)
The ICSA Director's Guide explains all the core duties and liabilities of being a director from appointment to resignation, including disclosures, shareholder relations and corporate governance.
Directors' remuneration
A user-friendly guide to governance compliance for corporate accountants. Chapter 7 looks at directors' remuneration in detail.
Employment and self-employment
This chapter outlines UK employment taxation as it functions in the UK, with particular relevance to small businesses. It includes sections on the definition of self-employment, agency workers, non-executive directors (NEDs), national insurance contributions and the taxation of intermediaries.
Non-executive director's handbook (4th edition)
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout.
Non-executive directors
Chapter 13 details the role of the NED, their place on the board, terms of engagement and their evaluation.
Shareholders
The ICSA Director's Guide explains all the core duties and liabilities of being a director from appointment to resignation, including disclosures, shareholder relations and corporate governance. This book provides practical help for common issues faced by both executive and non-executive directors. Chapter 8 covers the relationship between the board and its shareholders and includes information on share ownership , general meetings and communication.
The Non-executive chairman: toward a shareholder value maximization role
This title provides comprehensive, expert-led coverage of all aspects of corporate governance for public, nonprofit, and private boards. This chapter explores the key responsibilities, characteristics , experience and skills of a high-performance non-executive board chairman as well as communication with shareholders and addressing the concerns of activist shareholders.
Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Industry press
The Library & Information Service provides a collection of articles as a benefit of membership. Please log in to view these articles. If you are unable to access the articles, please see our Help and support page or contact library@icaew.com.
How to.. become a non-executive director
The article discusses role of a non-executive director to companies. Topics discussed include advantage of experience and independence of mind to challenge and improve the governance or direction of the business
Why law firms need non-executive directors
Patrick McKenna explains why NEDs can provide any law firm with a number of benefits.
Performance effects of appointing other firms executive directors
This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms.
5 ways to... get the most out of non-execs
Experienced NED Gerry Brown offers advice on how companies can best utilise their non-executive directors. Here's five areas NEDs should be focusing on.
Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Useful links
UK corporate governance code
The revised UK Corporate Governance Code was published by the FRC in July 2018. Section 5 Remuneration covers the role of the remuneration committee and exectuive remuneration.
NEDS - monitors to partners
Report that looks at the shortcomings of the current approach to the role of NEDs and to corporate governance generally - "the need to shift the focus of non-executive directors from risk mitigation to promoting long-term success"
What is the role of the non-executive director?
Guidance on the role of the non-executive director published by the Institute of Directors
Roles and responsibilities of executive and non-executive directors
Guidance for directors of private companies from ICAS that gives 'a useful steer on both the statutory duties and wider expectations to help fulfil this important role more effectively'
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