Pure Executive has released a unique and insightful report on non-executive director remuneration and best practice for non-executive director and chair appointments in the East of England.
The pioneering report, An Insight into Non-Executive Director Appointments Across the Eastern Region, provides insights into the evolving landscape of board appointments and a unique contrast to boards of both private and listed businesses. The report features invaluable insights from a panel of experienced non-executive directors, including Bronagh Kennedy of Treatt plc, Sarah Evans of East Anglia Air Ambulance, Nick Culley of TMJ Interiors, and Paul Hooper of Alumasc plc.
Key highlights of the report:
• Positive impact on business performance: An increase in NED and chair appointments reflects a growing recognition of their strategic value in governance and oversight, adding value to the bottom line.
• Data significance: This report offers rare, detailed benchmarks on NED remuneration, revealing a notable narrowing of the gap between private and listed companies.
• Increasing importance: The report highlights the growing importance of NED roles as businesses seek to enhance board effectiveness through independent advice and strategic input.
• Demand for diverse skill sets: There is rising demand for NEDs with varied skills and backgrounds that complement the make-up of the overall composition of boards.
• Practical guidance: The report provides actionable recommendations and practical benchmarks for organisations to effectively integrate NEDs into their boards.
Lynn Walters, Founder of Pure Executive, remarked, “Our report distils Pure Executive’s extensive expertise in NED appointments into a vital resource for both boards and prospective NEDs. The East of England’s business community is dominated by privately owned organisations and accessing relevant data and insight into board structures can be hard to come by. This report provides an insight into the latest reward and remuneration trends for NEDs and illustrates the value that effective NEDs contribute to their organisations.’
Bronagh Kennedy, is an experienced NED and serves on the board of Suffolk-based Treatt plc. She added “This report is an essential resource providing valuable benchmarking data for NED remuneration and crucial insights for organisations aiming to make well-informed board appointments. Understanding these dynamics is pivotal for building high-performing, strategically aligned boards.”
To access the report and explore how NEDs can transform your boardroom, please visit http://www.pureexecutive.com/insights.