Keywords
Citation
(2007), "Take your pick (non-executive directors)", Strategic Direction, Vol. 23 No. 1. https://doi.org/10.1108/sd.2007.05623aad.005
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
Take your pick (non-executive directors)
Take your pick (non-executive directors)
Donkin R.Financial World, June 2006, Start page: 17, No. of pages: 3
Purpose – to identify the duties and characteristics of non-executive directors. Design/methodology/approach – reviews the requirements of the Higgs recommendations for broad board membership. Looks at the way head-hunters choose a shortlist of directors. Adds the tension involved in the role and companies’ attitudes. Findings – finds that many companies are still hostile to lay non-executives, but that Higgs has gained converts in companies seeking high performance standards, opposed to agency influences. Notes some believe non-executives would hamper business strategy developments. Practical implications – argues that non-executive directors must be strategy-led, with a subordinate policing role. Originality/value – describes the role with some difficulty, because of the dislike of regulation by managements. ISSN: 1360-4295 Reference: 35AU156
Keywords: Agency theory, Corporate governance, Non-executive directors, Strategy, United Kingdom