NEDs urged to be whistleblowers
The National Association of Pension Funds has called on non-executive directors to be whistleblowers in corporate boardrooms.
The body will make its plea in its submission to the government review of NEDs, led by investment banker and accountant Derek Higgs, according reports.
It will call on NEDs to ‘stand up and be counted’ going so far as to say they should resign if corporate governance rules are breached.
Furthermore it wants greater representation of NEDs on company boards – rather than current guidelines which say a third of the board should be independent, the NAPF wants this to be increased to a half.