Non Executive Director Services…..
Non executive directors can be an invaluable addition to any business, whether a small enterprise with one or two directors or a multi-national with a significant board of directors, the addition of expertise and experience is often the difference between a strong or weak board of directors, which in turn can mean success or failure of the business.
Non executive directors will have a wealth of business experience and have already proved themselves and so will be a positive contribution to your business. The non executive
director may have experience in a particular industry, field or discipline. They may have already acted in the capacity of a CEO or a senior director and already demonstrated
that they are experts. Often non executive directors have handled specific business scenarios that your business maybe facing or need help in, such as scaling, restructuring, refinancing, a merger or
In addition non executive directors often hold positions on a number of boards and so have a wealth of business exposure that can be leveraged, provided there is full transparency and no conflicts of interest.
Non Executive Director - Benefits include:
1. Adding specific experience to your business - Sales, marketing, financial management, product development, online, export.
2. Bringing a network of new contacts - Helping to develop new customers or maybe attract new investors and funding.
3. Fresh thinking - Enabling new ideas to develop.
4. Independence - Assist with non emotional objective decision making.
5. Communication - Facilitate strong dialogue and business discussions.
6. Corporate governance - Ensuring your business is legally compliant.
Fundamentally your business can have access to business talent at a fraction of the cost because they're not being employed full time. Most non executive directors will work one or two days a month for your business and you will only pay them for that time, plus expenses. In some instances a share in the business maybe appropriate.
As an experienced senior executive Jonathan Bate can provide a non executive director service for your business on an interim, contract or permanent basis.
For the latest 2013 IOD factsheet on the role of an executive director see 2013 Factsheet.