Boost UK productivity through better Board decisions by corporates
The Forum urges a ‘healthy’ balance between supply and demand for firmwide leaders and other advisers as NEDs at corporates and other organisations:
Boards are failing in their duty to shareholders if they do not challenge how the business strategy is to be implemented
Suitably-prepared advisers could make a significant contribution to Boards were they to be given the opportunity to serve as NEDs
Firmwide leaders serving as NEDs are more likely than other advisers to ask the right questions, address the right issues, and select the right executives to implement the agreed strategy
Most advisers believe that they will have an easy path to NED roles so fail to prepare. The Forum’s new NED Development Programme, led by Richard Thorby, helps advisers prepare for these roles
The Forum’s new NED Recruitment Programme, led by Richard Chaplin, uses its unique set of relationships with current and former firmwide leaders to source NEDs for a wide range of organisations on a commercial basis
Participating in these new NED Programmes should enhance a firm’s influence and reputation, the emotional intelligence of its advisers, and its succession planning
"The campaign has inspired me to do a better job at my next NED interview at articulating why my law firm experience is a relevant business career." Former law firm CEO