Governance and Board Services
Over the last few years the climate in which companies operate and the demand for better and more transparent corporate governance have impacted on companies globally. The well-publicized problems of large corporations across the world have refocused attention on corporate governance and the independence of directors, but are only accelerating a trend that has been present for some years.
While there are different stages of development in different countries, there is an underlying trend to appoint independent directors to boards who can bring their experience to bear and help the executive team while at the same time ensuring extremely high and transparent standards of corporate governance. New requirements, which take the appointment of independent director well beyond the use of personal or company networks, mean that boards and appointment committees are increasingly requiring search and selection for independent and non-executive directors to be carried out at arm’s length and in a rigorous and competitive fashion.
- A full briefing on the requirements of the role and its interaction with other members of the board. This requires discussions with several board directors
- Approving a full candidate specification before the search is commenced
- Thorough reference checking and evaluation
- A rigorous and transparent process to which the board and appointments committee can refer.