NEDs: With great power comes great responsibility
There was a time, or so the old insurance hands say, when being a non-executive director was something of a cushy number: The sum total expected of a NED was to turn up for 12 board meetings a year, read the odd report, and play a few rounds of golf with the other directors.
Not anymore. A decade of increasingly stringent regulations have raised the stakes for NEDs, changing the role from casual advisor to highly accountable member of the senior governance team.
The
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