Rake’s Progress

As if things weren’t confusing enough for Barclays Bank shareholders we now learn that deputy Chairman and Senior Independent Director (SID) Sir Michael Rake is to leave to take up the Chairmanship of another financial services company (in addition to his role as Chairman of BT). This news came in the same week as theContinue reading “Rake’s Progress”

Barclays – comply or explain

The UK Corporate Governance Code, best practice advice for the UK’s listed companies, states that “There should be a clear division of responsibilities at the head of the company between the running of the board and the executive responsibility for the running of the company’s business. No one individual should have unfettered powers of decision”Continue reading “Barclays – comply or explain”

Need a NED? Here’s how to avoid the pitfalls

Caroline Gourlay (caroline@carolinegourlay.co.uk) makes some interesting points in her latest blog, Need a NED? Here’s how to avoid the pitfalls, about the need for boards to fully understand the role of the Non-Executive Director before making an appointment. The NED role is very different from that of an executive director and whilst being an experienced executiveContinue reading “Need a NED? Here’s how to avoid the pitfalls”