Non-Executive Directors
Have you considered the use of a Non-Executive Director in your
business?
Probably the initial biggest influencing factor on
the smaller company board is the realisation by the other directors that a
new, experienced, ‘fresh pair of eyes’ has come on the scene. This paves
the way for improvements in boardroom performance and promotes a more
prepared, structured and effective board meeting.
The next important aspect is the contributions that
the new non-executive can make. These usually take two forms. The first
relates to input based upon the non-executive’s own expertise and
experience. The second concerns his/her appraisal of the board and company.
The non-executive will invariably have specialised
knowledge and relevant experience from which to draw. These are particularly
important to discussions on the future strategy of the company.
In the smaller company scenario, the non-executive
can work closely with each of the directors to help them identify their
strengths and development needs. This leads on to setting their key performance
indicators and objectives, all of which considerably enhance the company’s
chances of success.
Non-Executive Directors
should also be regarded as a long term,
cost effective, relationship, not just available to attend board meetings, but available
as and when you need help and guidance.
Flexibility is the key
to this service and whatever your requirements we can
accommodate them.
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