| Outperform, Out-Of-FavOr Industry or Stock | |
| Outsourcing, Outstanding |
Click to Play
Click to Play
Click to Play
Click to Play
A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. They are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company (most often as corporate officers).
Non-executive directors are often confused with Independent director who are people who do not own shares in the company, non-executive directors could hold shares in the company.
Non-executive directors have responsibilities in the following areas, according to the Higgs Report, commissioned by the British Government and published in 2003:[1][2]
NEDs should also provide independent views on:
Non-executive directors are the custodians of the governance process. They are not involved in the day-to-day running of business but monitor the executive activity and contribute to the development of strategy.
In 2011 the Financial Times launched the first formal qualification specifically for Non-Execs. The Non-Executive Directors Certificate is a level 7 masters postgraduate qualification accredited by Edexcel.
|
Contents
|
| This job-, occupation-, or vocation-related article is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)