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Give your favourite UK NED the nod

September 14, 2009

FILM-OSCARS/Non-executive directors — particularly at certain British banks — are not exactly flavour of the month.

There has been widespread questioning of what precisely it is many non-execs actually do, other than take home a sometimes handsome reward for attending a scattering of board meetings.

The promoters of the annual NED (Non-Executive Directors) Awards 2009 — which are presumably the boardroom equivalent of the Oscars — put a positive spin on their role:

The appointment of a Non-Executive Director (NED) can highly influence the success of an organisation

And NEDs bring more than their name to a company, the organisers add:

Many have gone that extra mile to challenge business practices, adding value to company strategy, performance, human resources and risk management

There’s no doubt high-calibre non-execs are needed to ensure companies function properly.

So if you know a NED who you think deserves praise, now is your chance to make sure they get their name in lights — you don’t need to be a shareholder to propose someone. As the organisers point out:

Nominations have come not just from senior management but also academics, accountants, analysts, charitable trust managers, fund managers, journalists, lawyers, executive board members, other non-executives and previous winners.

Comments

The satirical British magazine VIZ, did a story once on the Annual Award Ceremony for the windscreen wiper industry. This is marginally more funny. But what ever they get paid, it won’t be enough to compensate for the life wasted in attending this.

Posted by Rhoops | Report as abusive
 

Never been a great fan of NED, prefer GBR128

Posted by The Bailer | Report as abusive
 

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