Non-Executive Directors have a unique role: they provide the objective view, the check- and-challenge.
They belong to the organisation, but not to its daily routines, they’re connected yet able to look from the outside.
The role of Non-Execs was much-discussed at the FRC’s conference ‘Culture to Capital’. We particularly loved this insight from Justin King, ex CEO of Sainsbury’s (now Vice Chairman and Head of Portfolio Business at Terra Firma) about his all-time favourite non-Exec Director,
“The best non-exec I have ever had was Anna Ford. She spent loads of time in the [Sainsbury’s] stores, she went to suppliers, she went to depots… as you would expect of an investigative journalist. She immersed herself in the business and absolutely was part of that sense of belonging.”
Anna Ford clearly took her skills as an investigative journalist into her new role with enthusiasm.
But for many Non-Execs this is unfamiliar territory. Culture, with its apparent intangibility, is well outside the comfort zone.
Our one day foundation is devised to support Non-Execs in competence and confidence in:
This is a foundation day, beginning the basics for Non-Execs to go back and work with their Boards, a basis from which to develop the reference points and a common language, so that time spent in discussion is fruitful and the right issues are addressed effectively.
Guidebook and support material includes:
“Most companies measure individual performance against objectives. In future more companies will measure individual behaviour against a standard.” - John Stewart, former Chairman Legal & General