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January 25 , 2011

Non Executive Director

(Best Kept Secret Revealed)


Non Executive Directors used to be caricatured as cronies of the Chairman (who is also a Non Executive Director) or CEO. Fat cats, freeloading members of the “old boy network”, retirees who wanted to have somewhere to go other than the golf club for a decent lunch and a chat. Not an attractive scenario and for various reasons, but not least because of numerous serious corporate scandals where shareholders were left unprotected, the whole can of Non Executive worms has been subject to investigation, reappraisal and some rigorous new rulings.

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