💠 NED’s are external to the business and are brought in to provide objective advice. They are paid for their expertise and salaries vary depending on the business and are higher for serving on committees. It can be a challenging but rewarding role to take on.
💠However realistically it can take a while to secure such a role. It is a small market, role turnover is slow and there is a lot of competition.
💠 It might be advisable to undergo further training and development. You need to consider what skills you can provide and your expertise needs to be clear on governance and regulatory rules. As such it might be advisable to brush up on the Companies Act, and Data Protection. There are specific courses for NED’s it would be worth considering:
▶️ The Financial Times Non-Executive Diploma – https://www.bdp.ft.com/diploma
▶️ Diploma UK Institute of Directors – www.iod.com
💠 Take your time and ensure you have the capacity to take on such a position. There is a lot of commitment required.
💠 We would advise you draft an NED specific CV and ensure your Linkedin profile is also updated to confirm how your skills are aligned with NED positions.
💠 You can find non-executive roles either through connections, advertisements, recruitment firms or by approaching specific companies you have an interest in working with. If you are interested in such a role please do let us know and we can keep you posted as appropriate.
💠 Many are appointments are make through personal relationships, so it is also vital to build your network. Notable NED specific networks include:
▶️ KPMG Connect on Board – https://connectonboard. uk.kpmg.com/
▶️ Women on Boards – www.womenonboards.net
▶️ RSM https://www.rsmuk.com/insights/the-ned-network
