ICAEW.com works better with JavaScript enabled.

Overboard and overloaded: checklists for NEDs in banking, insurance and investment management

Non-executive directors need to manage their roles so they have the right amount of time for all the companies they serve, and time to develop themselves professionally. As board responsibilities increase in response to issues like cyber-security, disruptive technology, climate change and culture.

In August 2019 the European Central Bank shared research on the time commitments made by non-executive directors of intuitions within the single supervisory mechanism. It reinforced the message that being a non-executive director is not simply done in the boardroom and that NEDs need time for:

The research found a high number of roles, the high overall time commitment of those roles, and low time committed to the role mean time commitment is a concern. There are a number of factors NEDs need to consider when looking at appointments:


Continue reading

This content is not freely available. To access 'Overboard and overloaded: checklists for NEDs in banking, insurance and investment management' you need to be one of the following:

Faculties Online

Whether you are in business or practice, access cutting edge technical information on a range of topics.

Financial Services Faculty Banking

Expert analysis of trends and challenges in banking and technical resources in financial reporting, auditing and regulation.