2. How to get going
1. What are your USPs?
Analyse what you have to offer
Go out and sell it
2. For what sorts of companies are you best
suited?
Sector knowledge: ability to take business into
new places
Your personal cultural fit: big/small/public
sector
The voluntary sector
3. How to get going
3. Why does this Company need a NED?
to provide a missing skill – e.g. sales, finance,
production
to give a new aspect on the sector
to take business to next stage
to remove loneliness
Ability/willingness of team to recognise
need is a good start
4. Where do you find NED positions?
Contacts… contacts… contacts…
Other NED appointments
Non-execs.com
5. What is it like being a NED?
Not running the business: “I could do it
better”
But no whingeing employees|
6. What is it like being a NED?
NEDS are not a sinecure:
Get to know business
Identify difference between success and
mediocrity
Bring fresh ideas and perspective
Support/mentor business drivers
7. The Importance of Trust
Due diligence before appointment
anyone, anywhere – within bounds of
confidentiality
Confidence in people and information
numbers
completeness of information
sound executive team
Chairman/CEO relationship
8. The Importance of Independence
Financial
most important corporate governance
element
Judgmental
Listen – but back your own judgment
9. Risk
Sorting out “hairy” situations
Going bust or being fired
part of risk equation
adds much to life’s experience!
Is the risk/reward worth it?
10. The Quintessential NED
Plenty of experience of life
Sharp, refreshing, insightful mind
Independent judgment and character
