Role 1023  

Independent Non-Executive Director required by market leading private company.

Our client provides services to membership organisations, the public sector, financial mutuals and large corporates. In its core business, it is the UK market leader and a widely acknowledged expert in its field. In the last three years, group turnover has grown by 70% to approximately £40m and Pre-tax Profit has more than doubled. Headquartered in London, it employs approximately 200 people across 4 locations in Southern and Western England.

Full details about our client will be given prior to interview to selected candidates who have expressed an interest in the role and demonstrated a fit with the requirements below.

 

The Non-Executive Director role:

Our client wishes to appoint an additional independent Non-Executive Director to its Board of Directors to provide oversight of the whole Group. In particular, the NED should:

  • ensure compliance with the company’s Articles of Association, its Shareholders’ Agreement, the Companies Acts, and recognised standards of Corporate Governance;
  • support and advise the Board of Directors in the development of business strategies designed to meet the company’s objectives;
  • ensure that the company’s resources are appropriately directed in pursuit of its objectives;
  • ensure the effective and efficient administration of the company;
  • ensure the company maintains high standards of ethics in the conduct of its external affairs and in internal matters such as equal opportunity and employment policies;
  • monitor the performance of the Board, advise, mentor and challenge them so as to help them improve their personal and team performance;
  • attend and actively participate in all Board Meetings unless unavoidably prevented, including reading and diligently considering all Board papers in advance;
  • serve on such Board sub-committees (Governance, Audit and Remuneration) as agreed with the Chairman from time to time.

The company’s Articles provide that the NEDs automatically have a majority in any Board votes.  Routine meetings are normally held at the company’s headquarters in London seven times per annum, with sub-committees meeting on the same day as the Board. There is normally a one-day strategic business review in the autumn. NEDs may also be required to attend occasional special purpose meetings, including meeting once a year in London on a Saturday morning with a key stakeholder.

NEDs will be expected to prepare thoroughly for meetings and dedicate enough time for follow-up conversations and agreed actions afterwards. They must also have sufficient spare capacity to be able to increase their time commitment to the company if unforeseen circumstances demand it.

Remuneration:

Remuneration is £15,000 per annum. NEDs are compensated for reasonable expenses incurred in connection with the role but in accordance with HMRC guidelines travel expenses to the Group’s main headquarters in London are taxable. NED remuneration is reviewed annually.

 

Candidate Requirements:

Candidates must have:

  • More than 5 years board experience of successful company or equivalent organisation with £20m to £100m turnover.
  • Broad commercial experience, including responsibility for multiple disciplines, obtained in organisation(s) with significant customer service and/or production and/or software technology components.
  • An understanding of accounting and finance, including the ability to read and interpret a set of accounts.
  • The ability to participate in and contribute to Board discussions, to motivate and gain respect, while recognising the views of others so as to reach consensual decisions. (Experience of being a NED or of a similar position is an advantage.)
  • A non-controversial public persona, able to work with officials, campaigning groups and political parties across the political spectrum.
  • A commitment to high standards of ethics in business, including equal opportunities.

 

It is also desirable that candidates have:

  • Expertise in EITHER mergers and acquisitions including acquisition of SMEs, OR information technology, including cyber-security and the design and use of advanced commercial software applications.
  • Board level experience of a UK public company, or an organisation with very similar governance requirements.
  • Knowledge of business strategy particularly related to sustained profitable growth.
  • Experience/knowledge of large scale Membership Organisations (including professional institutes and associations, political parties, charities, mutuals and trade unions) and/or significant UK Public Sector entities (including local authorities).

 

CLOSING DATE is 12 noon on Tuesday 13th June. However candidates are encouraged to apply as quickly as possible.

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