What is a non executive director?

A non-executive director (NED) is a member of the board of directors of a company who is not involved in the day-to-day running of the business. They are appointed for their expertise and experience in a particular field and provide an independent perspective, bringing a range of skills and knowledge to the board.

Non-executive directors have a number of responsibilities including:

• Providing independent advice and guidance to the board and the executive team
• Helping to set the company's strategic direction
• Ensuring that the company is operating in compliance with legal and regulatory requirements
• Providing oversight and accountability for the management of the company's finances
• Monitoring the performance of the executive team and holding them to account where necessary
• Acting as a liaison between the company and its stakeholders, including shareholders, customers, and employees.

Non-executive directors are typically appointed for a fixed term, and their role is to provide an objective and impartial perspective on the company's activities. They are expected to attend board meetings and participate in discussions and decision-making, but are not involved in the day-to-day management of the company.