Non-executive director case studies
As well as being competent and diligent, non-executive directors must exercise independent judgement. They must act in good faith, in a way that promotes the success of the company for the benefit of its members as a whole. In so doing, they need to consider not only the interests of shareholders but also the interests of other stakeholders such as employees and the wider community.
Meeting these duties and responsibilities is likely to give rise to ethical considerations which need to be managed to protect an individual's reputation and ensure that high standards of business conduct are maintained. ICAEW, together with the other CCAB bodies, has developed a number of illustrative case studies on common ethical issues encountered by professional accountants working as non-executive directors.
Feedback on the case study would be welcomed. Please send your comments to admin@ccab.org.uk.