Selection
"The crucial role played by Non-Executive Directors
in contributing to both business prosperity and accountability is
widely recognised and it is clearly essential that the right people
play the right roles as effectively as possible." - Derek Higgs
Non-executive directors are chosen for the balance of skills
and experience they will bring to the board. They must complement the
executive team and be capable of providing an independent and impartial
view of the board's considerations and decisions while identifying
strongly with the company's affairs.
Independence of thought, strength of character and a pragmatic
approach are essential, as is the ability to compromise. The demands of
the role call for courage, integrity, common sense, good judgement,
tenacity and diplomacy, together with an ability to listen carefully
and to communicate with clarity, objectivity and brevity.
The specific background, experience and special disciplines
required of the non-executive director naturally will depend on the
qualities of the other directors on the board and the company
concerned. Board-level experience of larger- but not necessarily
related - enterprises is often needed, together with business acumen,
clarity of thought and a strong financial awareness.