CBI wants to spread non-exec talent
Widening the 'gene pool' of non-executive directors could be achieved by encouraging senior managers to accept boardroom appointments in smaller companies, claims the Confederation of British Industry.
Sir Nigel Rudd, head of the CBI’s boardroom issues working party, said spreading talent among growing companies could be beneficial for both parties.
Senior managers would receive valuable experience, paving the way for possible future directorships within their own company, while smaller firms would benefit from the experience and talents of new non-executives.
The proposals are likely to be included in the CBI’s forthcoming submission to the government-sponsored review of the role of non-executive directors.
The CBI is keen to avoid extra legislation but is instead examining existing responsibilities and expectations of non-executives to ensure that standards of corporate governance are maintained, reports the FT.