Why are Non-Executive Directors (NED) required at a broad range of companies and what should you expect of a NED?
This article by Kerman & Co on The Role of Non-Executive Directors in Growth Companies, particularly considering the factors NEDs in growth companies need to focus on during the #Coronavirus pandemic, is worth a read. https://www.kermanco.com/news/the-importance-of-non-executive-directors-during-the-coronavirus-pandemic/
Kerman's team notes that the UK Companies Act 2006 makes no distinction between the different categories of directors of a company. This is the same position in Irish law (Companies Act 2014)
"Regardless of the size and complexity of the company, the skillset of the NEDs will need to compliment the executive team". 👍
👉 The role of NEDs on #fintech boards is often the difference between success & failure.
👉 In Ireland the regulator insists on NEDs on the boards of regulated fintech. And FINTECH UK has noticed that the UK regulator too is questioning applicants for authorisation about their consideration of appointing a NED.
Contact the fintech & #regtech team at Kerman & Co here to learn more on governance for regulated fintech.
Visit the Kerman & Co fintech services page here
This article by Kerman & Co on The Role of Non-Executive Directors in Growth Companies, particularly considering the factors NEDs in growth companies need to focus on during the #Coronavirus pandemic, is worth a read. https://www.kermanco.com/news/the-importance-of-non-executive-directors-during-the-coronavirus-pandemic/
Kerman's team notes that the UK Companies Act 2006 makes no distinction between the different categories of directors of a company. This is the same position in Irish law (Companies Act 2014)
"Regardless of the size and complexity of the company, the skillset of the NEDs will need to compliment the executive team". 👍
👉 The role of NEDs on #fintech boards is often the difference between success & failure.
👉 In Ireland the regulator insists on NEDs on the boards of regulated fintech. And FINTECH UK has noticed that the UK regulator too is questioning applicants for authorisation about their consideration of appointing a NED.
Contact the fintech & #regtech team at Kerman & Co here to learn more on governance for regulated fintech.
Visit the Kerman & Co fintech services page here