Non Executive Appointments
NEDs should create an effective balance of skills, experience and leadership style. If the right people are hired against detailed briefs and their performance is assessed in the same way as that of the executive team, the synergy created can make it the most cost-effective business improvement strategy available. This is especially true in portfolio businesses of private equity investors where in most cases an independent chairman is the first appointment.
NEDs also have a vital part to play in:
- Enabling boards to perform effectively and make better corporate decisions, not only sending correct and timely information to stakeholders, but also making the company more attractive through to exit.
- Bringing knowledge and experience to the board, whether in the context of the company's own industry sector or on matters such as international markets, financial transactions, technology or public affairs.
- Raising the quality of board debate and decision making on matters such as strategy, management organisation and staff development, incentives and appraisal.
- Supporting, and often mentoring, the Chief Executive and other management team members, whilst maintaining independence and objectivity.
- Providing a critical communication channel to investors especially when the business plan deviates.
Through the knowledge and practical experience of our consulting team, and the excellent systems and processes at its disposal, we are able to offer a comprehensive range of advisory and recruitment services to assist ambitious, high-growth portfolio companies derive the greatest benefit from strong, well balanced boards.