Non-Executive Directors: Duties, Time Commitment and When a Growing Business Needs One
A non executive director, usually shortened to NED, is a member of a company’s board of directors who isn’t involved in running the business day to day. They attend board meetings, vote on board decisions and challenge the people who do run the business, but they have no operational job and aren’t employees. In law they’re directors like any other, with the same duties and the same potential liability.
A growing business tends to benefit from a NED when it needs someone on the board who will question its plans, its numbers and its people, and who has seen the problems…
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