John McDonnell the Shadow Chancellor of the Exchequer has recently proposed an employee ownership scheme, in essence, a workers fund making them part owners of the company. If implemented, this could result in millions of workers receiving up to £500 per year. Conversely, business owners see this as a further blow for British business which,
Why Effectiveness is Important in the BoardroomOutlined in this book – ‘The Effective Board Member – What Every Board Member Should Know’ are the five overarching steps to becoming an effective board member. These steps are: Why become a board member What is your role? How to get an appointment What you do; and High performing board members. Detailed within
How to… Master Corporate ReportingAs The Governor, it would be remiss of me not to focus on the governance aspects of the statutory accounts (often included in the strategic report) which often consists of a chair’s statement and a brief statement of compliance and/or details on the number of board and committee members. What often isn’t included are details
High Performing BoardsThe role of the board in company success is indisputable, but what makes the board effective? An effective board has collective responsibility, which means there are demands on the non-executive directors (NEDS) to bring independent, strategic insights and perspectives in a collegiate manner. The combination of skills and experience in an environment of increased globalisation,
The Appraisal ProcessCompliance with a code of governance no matter which sector you are in, is crucial to the long-term success of the company. Therefore, we recommend that in order to ensure organisations are able to comply, there are certain activities that take place as part of your Board Effectiveness Review (BER) on an annual to biennial
Good GovernanceSo, what is governance? Before I share what the Governor Interviews have taught us about good and bad governance, here are three widely used definitions of governance. OECD “…a set of relationships between a company’s board, its shareholders and other stakeholders. It also provides the structure through which the objectives of the company are set and