What makes the right NED or Non-Exec Chairman?

What makes the right NED or Non-Exec Chairman? 20 December, 2007

Posted by Simon Webber in Board Member, Chairman, Chairmen, corporate, Corporate Finance, Corporate Governance, director, experience, finance, governance, growing companies, growing company, idsquared, NED, NEDs, non-exec, non-executive, non-executive director, Non-Executive Directors, private, private equity, Simon Webber, skills, small company, unquoted, Venture Capital.
Tags: Chairman, Chairmen, idsquared, NED, NEDs, non-executive director, Non-Executive Directors, Simon Webber
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Of course, the right Non-Executive Director or Chairman will be the one who is right for your business and helps you to achieve your goals… that is to say, they’ll be the right person for you. Nonetheless, they must have certain skills which they can bring to bear; above all, they will:

Get on well with the existing team
Add real value and help drive the business forward
Challenge people (ask unexpected questions)
Help people to think in new ways (get unexpected answers).
See things from a different perspective from the executive team
Communicate at all levels inside and outside the company

You may also find it useful to read our article entitled “3 Tips When Choosing an NED”. If you would like to discuss any aspects of recruiting or appointing a Non-Executive Director or Chairman then do, please, contact us.

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