What does a good Non-Executive Director bring?
"The Board and Non-Executive Directors should ensure that effective corporate governance arrangements are in
place that set out how the organisation is directed and controlled and provide assurance
on risk management and internal control to all its stakeholders including employees..."
Assurance and Strategic Aim
Ensuring that effective arrangements are in place within the organisation to provide assurance on risk management, governance and internal control.
Taking forward the strategic aims and objectives of the company consistent with its overall strategic direction and within the policy and resources available.
DOWNLOAD THE IOD GOOD GOVERNANCE REPORT 2017 HERE
Stakeholder Engagement
Ensuring that the organisation's responsibilities towards its employees are satisfactorily discharged.
Ensure that all stakeholders are kept advised, informed and aware of progress in all aspects relevant to their status within the organisation.
There should be an ongoing dialogue with all stakeholders based on the mutual understanding of objectives. The board as a whole has responsibility for ensuring that a satisfactory dialoguewith all stakeholde takes place.
Good Governance
"Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The stakeholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to stakeholders on their stewardship. The board’s actions are subject to laws,regulations and the stakeholders in general meeting..." (Cadburys Committee 1992).
DOWNLOAD THE UK CORPORATE GOVERNANCE CODE 2012 HERE
Critical Challenge
Evaluating the organisations performance against its aims, objectives, performance targets and plans, ensuring appropriate action is in hand to address any areas of underperformance.
Reviewing regular financial information concerning the management of the organisation.
Ensuring that effective arrangements are in place within the organisation to ensure compliance with statutory or administrative requirements on the use of public funds.
According to the UK Corporate Governance Code, the purpose of corporate governance
is to....“facilitate effective, entrepreneurial and prudent management that can deliver the
long-term success of the company. The overall UK corporate governance system involves
the interaction of large numbers of actors and processes, although major roles are played by
boards of directors, shareholders, internal and external auditors, corporate reporting and the
legal/regulatory framework of national corporate governance regimes...."
Recent News
January 2020 - Gerard has been appointed to the Board of Parliament Hill London as a Non Executive Director
July 2019 - Gerard has been appointed to the Board of CSMA and is also now Treasurer of the Club Council
Recent News
June 2020 - Gerard has successfully completed the Finanical Times Non Executive Director Diploma Course
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Gerard O Sullivan