What is a Non-Executive Director ?
A Non Executive Director is a member of the board of directors of a company who is not part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. However, a Non-Executive Director does have the same legal responsibilities as an Executive Director
Non-Executive Directors have responsibilities in the following areas,
- Non-executive directors should constructively challenge and contribute to the development of strategy.
- Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring, and where necessary. removing, senior management, and in succession planning.
- Non Executive Directors should also provide independent views on
Resources, Appointments and Standards of conduct
Non-Executive Directors are the custodians of the companies governance process. They are not involved in the day-to-day running of a business but monitor the executive activity of the board and contribute to the development of strategy.
Why Use a Non-Executive Director ?
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