The most successful companies have always been those that utilise the skills and experience of non-executive directors from diverse backgrounds to complement and strengthen the executive team.
With corporate governance under increasing scrutiny, the effectiveness of company boards and the quality of non-executive directors has never been more important.
That is where FWB Non-Executive can help. A division of FWB, FWB Non-Executive provides a specialist service dedicated to the search, selection and recruitment of high calibre non-executive directors.
Our aim is simple - to help our clients create or maintain high quality, dynamic boards that embrace opportunity and change, whilst ensuring high standards of corporate governance and well-managed risk.
Role and Responsibilities
As members of the unitary board, non-executive directors provide support to the executive team in developing and implementing their strategic aims and by challenging their thinking.
Non-executive directors, with their part-time role and broad experience, must be able to provide an objective view of the company's plans and performance and ensure that it is meeting its obligations to shareholders and other stakeholder groups. There is no distinction legally between the duties of care expected of executive and non-executive directors under the legislative framework of the Companies Acts.
In addition to preparing for and attending board meetings, non-executive directors may be expected to take part in company events, or serve as a member of standing committees, or on the Board of Trustees for the company pension scheme.
Other key functions include assisting with strategy development, scrutinising the company's performance and reporting and ensuring that it has in place robust financial controls and risk management systems. Non-executive directors also have a role to play in determining executive team remuneration packages and in succession planning, including appointment and where necessary removal of executive directors.