Companies to explain non-exec choices

Companies to explain non-exec choices

Companies will soon be expected to offer explanations for their choice of non-executive directors under new proposals aimed at making the boardroom more accountable for its actions.

Link: Non-execs admit to knowledge gaps

A review of non-executives commissioned by the government has highlighted the issue of a lack of women on company boards but has ruled out new laws or statutory quotas to address the problem.

Instead it is thought that companies will have to explain on what basis they have chosen certain directors and how the selection process occurs. The move fits in with what is expected from the Higgs report on non-executive directors, which is also thought to suggest voluntary measures instead of regulation.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource