Non-executive directors provide an inherently outward-looking and expert perspective, and so can provide a valuable ‘third leg’, complementing the distinct perspectives of family directors and executive directors.
Of course, every family-owned business is different, so each should enlist the support of non-executive directors in a way that is right for them.
This publication helps family businesses – especially those who have not yet incorporated nonexecutive directors into their governance – understand the underlying purpose and objectives of their roles, and then to think through how to recruit non-executive directors, articulate their responsibilities, and ensure they are delivering value for the company.
Click here to review or download the guide.