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How to become a Non-Executive Director – London 23 October 2018

October 18, 2018

Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course.

non-executive director“A well structured and presented introduction to the responsibilities, challenges and attributes required of being a NED. It was thought-provoking. I have referred back to my copious comments in the comprehensive slide hand outs many times already”

Simon C Jones, Interim Transformation Leader and Hidden Value Discoverer

The How to become a Non-Executive Director course helps you to plan and prepare for your first NED position. It instils a real sense of what is expected of NEDs, and how you can meet the challenge.

This one-day interactive course is aimed at aspiring NEDs and covers essential knowledge about roles, responsibilities, strategy and corporate governance that are key foundations for a Non-Executive board role. It also considers up to date thinking on corporate governance and the responsibilities of owners, the board and employees.

This is followed by practical sessions on identifying NED opportunities, the process of obtaining a first appointment and performing due diligence before any position is accepted. There is emphasis on the importance of presenting your experiences with clarity and relevance.

This course identifies the various ways and circumstances in which non-executive directors can make an effective contribution to a board’s work. It also examines methods for their selection and reviews their motivation, induction and reward.

Who should attend?
Individuals who are currently a non-executive director; those seeking appointment as a non-executive director and those looking to appoint a non-executive director.

What to expect?

  • Clarifies how and why non-executive directors can strengthen a board
  • Provides practical guidance on how best to secure an appointment as a non-executive director

Course objectives
Participation on this course will provide you with the knowledge to:

  • Clarify the board’s role, purpose and key tasks
  • Appreciate the contributions that non-executive directors can make to the board in different types of company and situations
  • Recognise the qualities and experience needed to fulfil a non-executive director appointment
  • Appreciate appropriate methods for finding, selecting, appointing and rewarding non-executive directors
  • Understand the preparation required to interview for or be interviewed for the post of non-executive director

Course Leader: David Doughty CDir FIoD

David Doughty - Chartered DirectorThe course is delivered by David Doughty, a Chartered Director and highly experienced Non-Executive, Chief Executive, Chair, Entrepreneur and Business Mentor. David has extensive executive and non-executive experience in small and medium enterprises in private and public sectors. He is also a board level consultant to multi-national organisations and a Chartered Director Ambassador for the Institute of Directors. See his LinkedIn profile here: (https://uk.linkedin.com/in/daviddoughty)

Key Details
Duration: 1 day
Location:

Institute of Directors
116 Pall Mall
London
SW1Y 5ED 

Price
£330.00 (ex VAT)

Payment with Booking Price

£300.00 (ex VAT)

Partner Price*
£280.00 (ex VAT)

Book Now
To see course dates and to book your place now follow this link:

Course Registration
The fee includes lunch, refreshments and a copy of the course handbook

Attendance counts as 6 CPD hours of structured learning


*Discounts on Excellencia course fees are available for:

 

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How to become a Non-Executive Director – Birmingham 26 June 2018

June 1, 2018

Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course.

non-executive director“As an introduction to the world of NED’s this course is well structured to give an honest and practical insight in to how to identify and prepare for a move in this direction. Money well spent!”

John Cooper, Vice President, North West Europe at Weber-Stephen Products LLC United Kingdom

The How to become a Non-Executive Director course helps you to plan and prepare for your first NED position. It instills a real sense of what is expected of NEDs, and how you can meet the challenge.

This one-day interactive course is aimed at aspiring NEDs and covers essential knowledge about roles, responsibilities, strategy and corporate governance that are key foundations for a Non-Executive board role. It also considers up to date thinking on corporate governance and the responsibilities of owners, the board and employees.

This is followed by practical sessions on identifying NED opportunities, the process of obtaining a first appointment and performing due diligence before any position is accepted. There is emphasis on the importance of presenting your experiences with clarity and relevance.

This course identifies the various ways and circumstances in which non-executive directors can make an effective contribution to a board’s work. It also examines methods for their selection and reviews their motivation, induction and reward.

Who should attend?
Individuals who are currently a non-executive director; those seeking appointment as a non-executive director and those looking to appoint a non-executive director.

What to expect?

  • Clarifies how and why non-executive directors can strengthen a board
  • Provides practical guidance on how best to secure an appointment as a non-executive director

Course objectives
Participation on this course will provide you with the knowledge to:

  • Clarify the board’s role, purpose and key tasks
  • Appreciate the contributions that non-executive directors can make to the board in different types of company and situations
  • Recognise the qualities and experience needed to fulfil a non-executive director appointment
  • Appreciate appropriate methods for finding, selecting, appointing and rewarding non-executive directors
  • Understand the preparation required to interview for or be interviewed for the post of non-executive director

Course Leader: David Doughty CDir FIoD

David Doughty - Chartered DirectorThe course is delivered by David Doughty, a Chartered Director and highly experienced Non-Executive, Chief Executive, Chair, Entrepreneur and Business Mentor. David has extensive executive and non-executive experience in small and medium enterprises in private and public sectors. He is also a board level consultant to multi-national organisations and a Chartered Director Ambassador for the Institute of Directors. See his LinkedIn profile here: (http://uk.linkedin.com/in/daviddoughty)

Key Details
Duration: 1 day
Location:

Cornwall Buildings
45 Newhall Street
Birmingham
B3 3QR

Price

£330.00 (ex VAT)
Payment with Booking Price
£300.00 (ex VAT)

NEDworks Tier1 Member Price
£280.00 (ex VAT)

Book Now
To see course dates and to book your place now follow this link:
Course Registration
The fee includes lunch, refreshments and a copy of the course handbook

Attendance counts as 6 CPD hours of structured learning



How to become a Non-Executive Director – Bristol 21 November 2017

November 1, 2017

Are you thinking of becoming a Non-Executive Director as part of a Portfolio Career or to develop your boardroom skills prior to taking up an executive director role?

 

directors duties roles responsibilitiesJoin us on Tuesday, November 21 2017 to find out how you can become a Non-Executive Director

“Unlike many courses I have attended in the past, How to become a Non-Executive Director went beyond just the technical aspects of being a ‘Non-Exec’, and reflected on the differences in the approach required compared to being an Exec Director.
It allows you to make a fully informed decision on whether a Non Exec role is right for you, and if it is, how to go about finding opportunities.
An invaluable day of learning!”

Alastair Lewis Director at Smaointe Ltd

The How to become a Non-Executive Director course helps you to plan and prepare for your first NED position. It instils a real sense of what is expected of NEDs, and how you can meet the challenge.

This one-day interactive course is aimed at aspiring NEDs and covers essential knowledge about roles, responsibilities, strategy and corporate governance that are key foundations for a Non-Executive board role. It also considers up to date thinking on corporate governance and the responsibilities of owners, the board and employees.

This is followed by practical sessions on identifying NED opportunities, the process of obtaining a first appointment and performing due diligence before any position is accepted. There is emphasis on the importance of presenting your experiences with clarity and relevance.

This course identifies the various ways and circumstances in which non-executive directors can make an effective contribution to a board’s work. It also examines methods for their selection and reviews their motivation, induction and reward.

Who should attend?
Individuals who are currently a non-executive director; those seeking appointment as a non-executive director and those looking to appoint a non-executive director.

What to expect?

  • Clarifies how and why non-executive directors can strengthen a board
  • Provides practical guidance on how best to secure an appointment as a non-executive director

Course objectives
Participation on this course will provide you with the knowledge to:

  • Clarify the board’s role, purpose and key tasks
  • Appreciate the contributions that non-executive directors can make to the board in different types of company and situations
  • Recognise the qualities and experience needed to fulfil a non-executive director appointment
  • Appreciate appropriate methods for finding, selecting, appointing and rewarding non-executive directors
  • Understand the preparation required to interview for or be interviewed for the post of non-executive director

Course Leader: David Doughty CDir FIoD

David Doughty - Chartered DirectorThe course is delivered by David Doughty, a Chartered Director and highly experienced Non-Executive, Chief Executive, Chair, Entrepreneur and Business Mentor. David has extensive executive and non-executive experience in small and medium enterprises in private and public sectors. He is also a board level consultant to multi-national organisations and a Chartered Director Ambassador for the Institute of Directors. See his LinkedIn profile here: (https://uk.linkedin.com/in/daviddoughty)

Key Details
Duration: 1 day
Location:

Orchard Street Business Centre
14 Orchard Street
Bristol BS1 5EH

Price:

£330.00 (ex VAT)

Payment with Booking Price
£300.00 (ex VAT)

Partner Discount Price*
£280.00 (ex VAT)

Book Now

To see course dates and to book your place now follow this link:
Course Registration
The fee includes lunch, refreshments and a copy of the course handbook

Attendance counts as 6 CPD hours of structured learning


 

*Discounts on Excellencia course fees are available for:

 


How to become a Non-Executive Director – London 23 May 2017

May 12, 2017

Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course.

non-executive director“A well structured and presented introduction to the responsibilities, challenges and attributes required of being a NED. It was thought-provoking. I have referred back to my copious comments in the comprehensive slide hand outs many times already”

Simon C Jones, Interim Transformation Leader and Hidden Value Discoverer

The How to become a Non-Executive Director course helps you to plan and prepare for your first NED position. It instils a real sense of what is expected of NEDs, and how you can meet the challenge.

This one-day interactive course is aimed at aspiring NEDs and covers essential knowledge about roles, responsibilities, strategy and corporate governance that are key foundations for a Non-Executive board role. It also considers up to date thinking on corporate governance and the responsibilities of owners, the board and employees.

This is followed by practical sessions on identifying NED opportunities, the process of obtaining a first appointment and performing due diligence before any position is accepted. There is emphasis on the importance of presenting your experiences with clarity and relevance.

This course identifies the various ways and circumstances in which non-executive directors can make an effective contribution to a board’s work. It also examines methods for their selection and reviews their motivation, induction and reward.

Who should attend?
Individuals who are currently a non-executive director; those seeking appointment as a non-executive director and those looking to appoint a non-executive director.

What to expect?

  • Clarifies how and why non-executive directors can strengthen a board
  • Provides practical guidance on how best to secure an appointment as a non-executive director

Course objectives
Participation on this course will provide you with the knowledge to:

  • Clarify the board’s role, purpose and key tasks
  • Appreciate the contributions that non-executive directors can make to the board in different types of company and situations
  • Recognise the qualities and experience needed to fulfil a non-executive director appointment
  • Appreciate appropriate methods for finding, selecting, appointing and rewarding non-executive directors
  • Understand the preparation required to interview for or be interviewed for the post of non-executive director

Course Leader: David Doughty CDir FIoD

David Doughty - Chartered DirectorThe course is delivered by David Doughty, a Chartered Director and highly experienced Non-Executive, Chief Executive, Chair, Entrepreneur and Business Mentor. David has extensive executive and non-executive experience in small and medium enterprises in private and public sectors. He is also a board level consultant to multi-national organisations and a Chartered Director Ambassador for the Institute of Directors. See his LinkedIn profile here: (https://uk.linkedin.com/in/daviddoughty)

Key Details
Duration: 1 day
Location:

Institute of Directors
116 Pall Mall
London
SW1Y 5ED 

Price
£330.00 (ex VAT)

Payment with Booking Price

£300.00 (ex VAT)

Partner Price*
£280.00 (ex VAT)

Book Now
To see course dates and to book your place now follow this link:

Course Registration
The fee includes lunch, refreshments and a copy of the course handbook

Attendance counts as 6 CPD hours of structured learning


*Discounts on Excellencia course fees are available for:


I’m an experienced NED but I’m not getting any new roles – what can I do?

May 12, 2017

CV Large

This is a question I get asked quite a lot – getting a foot on the Non-Executive Director ladder is difficult enough but it does not seem to get any easier once you have secured your first NED roles.

So how do you build on your NED, Governor or Trustee experience to create a Portfolio of NED roles?

The advice I always give is to start with your LinkedIn profile and look at what it says in your headline – that’s the strap-line that appears immediately below your name.

It doesn’t have to be your current or most recent job title, it could be something like “experienced Chair and Non-Executive Director” or “Independent Non-Executive Director” – something which most accurately describes your experience and what you have to bring to a board.

You may be one of the new breed of specialist NEDs so make sure that your headline contains your specialism such as “digital NED” or “sustainability NED”.

The next part of your LinkedIn profile to look at is the summary – make sure that every word earns its place in the one or two paragraphs which give a high-level overview of your skills, background and experience as a NED.

Make sure that the rest of your profile is complete and that your NED positions detail not only the type, size and sector of the organisation but also your role on the board, particularly if you were a member or chair of any board committees such as audit or remuneration.

Networking is a big part of securing your next NED role so it is a good idea to have some business cards printed which say the same thing as your LinkedIn headline and then get out networking and introduce yourself as a Non-Executive Director – the local IoD meetings are a good place to start but there are many other networks that are worth trying.

As there are usually many more NED candidates than there are jobs it is also a numbers game – so you will probably make a large number of applications and you will have to spend time on each one to make sure that you answer the questions posed in the job advert/specification and do some research on the organisation before writing your covering letter.

The increasing requirements for board diversity, whilst very welcome in terms of improving corporate governance, does mean that those of us who are “male, pale and stale” will have to work harder to be considered for new roles but if you take it seriously and spend time on your CV and covering letters then there is no reason why you cannot build a successful and rewarding NED portfolio.


Specialist NEDs

May 12, 2017

business-people-meeting-together l

There is a growing trend for Boards to seek specialist Non-Executive Directors

It used to be the case that a Non-Executive Director’s independence was their most desirable quality, these days, however, there is a growing trend for Boards to be looking for NEDs with a particular specialism especially where there is an obvious knowledge gap around the boardroom table in digital marketing or cybercrime for example.

Especially in sectors where technology or markets are evolving rapidly, it is vital for boards to be able to provide effective non-executive challenge to keep the executives on their toes and ensure that the business is seizing opportunities and not lagging behind the competition.

Specialist NEDs, particularly those whose specialisms are in one of the newer disciplines are also likely to be younger and from a more divers background than traditional Non-Executive Directors.

There is no need for the rise in specialist NEDs to threaten the non-executive nature of the role or the effectiveness of the unitary board as has been suggested by some Corporate Governance commentators – this trend is merely an expansion of the more common situation where a finance professional sits on the board as non-executive audit chair, to accommodate the rapidly changing environments most businesses operate in.

Specialist NEDs are more likely to keep themselves up to date with their subject than their fellow generalist NEDs on the board and are likely to command a premium in fees, especially in the newer and more sought after areas.

If you are a NED, or are looking to become a NED, with a background in Governance, Sustainability, Solvency, Digital, Remuneration or Start-ups, for example, then you should make sure that you highlight your specialism on your CV and LinkedIn profile


So You Want to Be a Non-Executive Director?

January 19, 2017

NED1

Are you thinking about becoming a non-executive director?

Do you have the skills to join the board as an independent non-executive director?

Do you know what the role entails?

The following frequently asked questions (and answers) should give you the information to help you understand more about what it takes to become a non-executive director.

What are Non-Executive Directors?

The first and most important thing to understand about non-executive directors (NEDs) is that there is no difference between executive and non-executive roles in the eyes of the law. This means that the legal duties and liabilities of a non-executive director, who may be engaged for as little as 1 day a month, are exactly the same as those of the full-time executive directors. For this reason it is essential to find out as much as you can about an organisation before accepting a non-executive appointment.

The second thing to understand is that the limited liability afforded by a limited company registered at Companies House only protects the exposure of the company’s shareholders. Directors, regardless of whether they are executive or non-executive, may face unlimited personal liabilities if the Board acts illegally.

What do Non-Executive Directors do?

The principal role of a non-executive director is that of Critical Friend to the organisation, someone who supports the executive directors and acts as an ambassador but is also able to view the Board objectively and challenge the organisational strategy.

Getting the critical friend balance right is the ultimate test of success for a non-executive director. The Board should work together as a cohesive team, of which non-executive directors should feel an integral part – however they should not get so close that they find it difficult to ask awkward questions about executive proposals or performance.

Whilst Executive directors are directors who are also employees of the company, Non-executive directors are officers of the company and not employees. This means that non-executive directors do not have the same employment rights as the company’s employees though HMRC will still expect your director’s fees to be paid via PAYE with NI deductions.

Unlike Executive Directors who work for the organisation on a day to day basis, usually being responsible for particular functions such as finance, technology, sales or marketing, NEDs have no line management responsibility and are there to ensure that the company is governed properly; that it complies with the right laws (of which there are many!), that its strategies are robust, that stakeholder interests are protected and subjected to the appropriate due diligence, particularly in the case of mergers or takeovers.

They are usually retained for a particular number of days per month, though in practice the actual number of days spent on the role usually exceeds this figure, they can serve for a particular period of time, usually multiples of three years, typically six years in total and remuneration varies from a pro-rata equivalent to the executive directors down to nothing other than reasonable expenses depending on the size of the organisation and whether it is in the private, public or not-for-profit sector.

There is currently much debate about the independence of non-executive directors and whether or not they should also receive share options or be shareholders in their own right. Whilst there are no hard and fast rules the guiding principle with regard to independence should be your ability to resign your position as a matter of principle, though this should always be a last resort. The acid test therefore is that the remuneration, shareholding or options should not form a major part of your income or investment portfolio so you are not financially dependent on retaining your position.

NEDs perform a variety of functions such as ensuring that pension funds are managed properly, audits are managed with integrity and that Executive remuneration and performance related bonuses are set at an appropriate rate. The exact nature of a NEDs role is very much dependent on the size of the organisation, the nature of its operations and the sector it is operating in.

In order to have a balanced board, NEDs will often have been recruited with particular skills, experience or background to fill a gap in the board’s overall capability. NEDs with specialist knowledge will often find themselves being asked to sit on special purpose committees, take part in strategic projects or mentor executive directors with functional responsibilities aligned to the NEDs specialist expertise.

Regardless of any specialist expertise NEDs must be independent, have integrity and the respect of the other board members, be prepared and able to look at the business from a ‘big picture’ perspective, be well informed and manage difficult decisions in a facilitative manner. The chemistry with other board members is vital. It is the Chairman’s responsibility to ensure that the Board functions as a team, with the NEDs functioning as a cohesive unit within the Board team.

NEDs should act in a mature and professional manner and be prepared to make a stand if they do not agree with the way the organisation is being run. Increasingly NEDs are obtaining professional qualifications such as the Institute of Directors’ Chartered Director qualification to demonstrate that they have the understanding and experience to undertake their non-executive duties in a thoroughly professional manner.

Why would you want to become a Non-Executive Director or Trustee?

Despite the fact that NED fees are often low or non-existent, the risks and responsibilities can often be significant, especially reputational risks, the time commitment is often more than expected and the role can expose you to risks of claims of negligence quite disproportionate to the rewards – yet there are many more candidates for NED positions than there are roles available.

People become Non-Executive Directors for various reasons.

  1. As part of a Portfolio Career, where they will have a number of part-time remunerated roles often combined with interim, consultancy or coaching and mentoring work
  2. In order to develop their boardroom skills, either in conjunction with or preparation for an executive role
  3. As a way of ‘giving something back’ – increasingly non-executive, trustee or governor roles with a social enterprise or other not-for-profit are seen as more effective ways of volunteering than high street fundraising or sponsored activities
  4. To ‘keep your hand in’ after you have stepped down from a senior executive role in a major corporate, large public or not-for-profit sector organisation.
  5. To be part of the excitement of the next generation of entrepreneurs on the board of a start-up or high growth business.

Provided I have the skills, how would I become one?

It is often said, especially by recruiters, that you cannot be a NED unless you already are one – so how do you get started on the NED career ladder?

The routes tend to be rather different depending on whether it is a public or voluntary sector appointment or whether it is for a private sector company. For many the holy grail of a highly remunerated NED appointment with a FTSE 100 company is well out of reach as many of these appointments rely heavily on the old boy network.

Public Sector

Public Sector NED vacancies, particularly in the NHS and housing associations, are advertised daily and although competition for these roles is still tough you will have a much better chance of success than when competing for the much rarer private sector roles. You can also gain very useful experience as a Charity Trustee or School or College Governor. In terms of corporate governance, especially strategic risk management, public and voluntary sector boards are streets ahead of the vast majority of private sector boards so your experience serving on these boards will prove invaluable as you develop your Non-executive director career.

All senior public appointments, including non-executive directors, should be governed by the overriding principle of selection on merit. They should be open to independent scrutiny and the recruitment process must be transparent and appointments are publicised openly. Search and Selection companies are often used pro-actively to ensure a strong list of interested candidates.

Private Sector

The vast majority of non-executive director vacancies in the private sector are not advertised so you will need to adopt a different strategy to secure a private sector NED appointment. By far the best way is to engage with a business at board level as a consultant or coach/mentor to the Chief Executive and over a period of time, typically 18 months, work towards being seen as a trusted advisor to the board. From this position it is only a short step to a non-executive seat at the board.

Extensive networking and raising your profile as an expert in your field via social media and speaking engagements are two ways to improve your chances of being seen as potential non-executive material in the private sector.

Where do I go from here?

There are a number of steps that you can take to enhance your chances of obtaining a NED position:

  1. Subscribe to NEDworks – you can sign up for their newsletter and NED vacancy notifications free of charge to receive regular mailings of NED vacancies in all sectors
  2. Join NEDworks – in addition to NEDworks mailings by registering for free membership you will gain access to the exclusive member’s only areas of the site including discussion forums, groups and resources
  3. Become a NEDworks Tier1 Member for only £30.00 (ex VAT) a year here to additionally receive: a free CV review to optimise your CV for NED vacancy applications; discounts off all Executive Transitions’ events and courses from Excellencia; notification of Non-Executive Director and Trustee positions as soon as they become available; searchable directory listing – enabling recruiters and head-hunters to find you access to exclusive Tier1 member’s only area
  4. Read How to write a Non-Executive Director CV here to find out how a NED CV differs from an executive CV
  5. Book a place on the next How to become a Non-Executive Director course from Excellencia

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