While there are no set criteria for how long a #NonExecutiveDirector should remain within your company, it's all too easy to hold on to one for too long. If you reach a point where you know what your NED is going to say, then it's definitely time for a new one. https://tinyurl.com/3bjcvc22

Why senior execs searching for a #NonExecutiveDirector should embrace diversity, rather than going for someone cut from the same cloth as themselves or someone whose skills and experience resemble those of the previous NED. https://tinyurl.com/3bjcvc22

Wondering how to find the right #NED for your business? First, identify your board members' skills gaps. Are they light on the technical skills needed to keep pace with the digital revolution? Then perhaps choose a young entrepreneur familiar with #AI. https://tinyurl.com/3bjcvc22

Finally, a new #NED on a private company board should be prepared to resign under certain circumstances. But talk to the chairperson or other senior individuals first, and consider taking independent professional advice. https://tinyurl.com/yn4n3ztk

Fifth duty for a new #NED at a private company – sounds obvious, but worth emphasising: discharge your statutory duties as a director. https://tinyurl.com/yn4n3ztk

Fourth duty for a new #NED at a private company: seek specialist, independent advice if necessary. Your letter of appointment will normally confirm the basis on which this may happen. https://tinyurl.com/yn4n3ztk

Third duty for a new #NED at a private company: provide independent oversight through constructive and robust challenge to the board, and contribute to the development of strategy. https://tinyurl.com/yn4n3ztk

As a new #NonExecutiveDirector on a private company board, your second task is to ensure you receive a schedule of planned board meetings well in advance, and insist on receiving high-quality information well ahead of meetings. https://tinyurl.com/yn4n3ztk

A newly appointed #NonExecutiveDirector (#NED) on the board of a private company has six primary tasks. The first is to complete a comprehensive, tailored induction programme. https://tinyurl.com/yn4n3ztk

Seventh thing to do before joining a private company as a #NonExecutiveDirector: Disclose any conflict of interest and seek authorisation from the other directors. #NEDs https://tinyurl.com/mr3urmct

Sixth thing to do before joining a private company as a #NonExecutiveDirector: Review the letter of appointment to satisfy yourself that you can meet the minimum time requirements. #NEDs https://tinyurl.com/mr3urmct

Fifth thing to do before joining a private company as a #NonExecutiveDirector: Gauge whether there is an openness around the board that supports clear and collaborative decision-making. #NEDs https://tinyurl.com/mr3urmct

Fourth thing to do before joining a private company as a #NonExecutiveDirector: Decide whether you like the CEO and other directors and whether they like you. #NEDs https://tinyurl.com/mr3urmct

Third thing to do before joining a private company as a #NonExecutiveDirector: Form a judgment on the culture, values and behaviours associated with the board, because your role is to uphold high standards of integrity. #NEDs https://tinyurl.com/mr3urmct

Second thing to do before joining a private company as a #NonExecutiveDirector: Understand the level at which you will be expected to perform: more is expected from you in the area of your specific skill or experience. #NEDs https://tinyurl.com/mr3urmct

First thing to do before joining the board of a private company as a #NonExecutiveDirector: Conduct sufficient due diligence to understand the key legal and financial issues. #NEDs https://tinyurl.com/mr3urmct

Do you know what a #NonExecutiveDirector is expected to do, in addition to the requirements for all directors? https://tinyurl.com/4y5fsrjr

Do you know what the legal duties of a #director or #NED are in a UK company? https://tinyurl.com/4y5fsrjr

Do you know the distinctions in law between the duties and responsibilities of executive and non-executive directors in the UK? #NEDs https://tinyurl.com/4y5fsrjr

Do you know what a #NonExecutiveDirector's responsibilities are in a private company, as opposed to a public company? #NEDs https://tinyurl.com/4y5fsrjr

Step 6 for a successful #BusinessStrategy: Monitoring and adjusting. Hold quarterly reviews of your action plans, monitor performance against your #KPIs, and adjust your plans as necessary. Full details: https://tinyurl.com/56k3ufk4

Step 5 for a successful #BusinessStrategy: Implementation. Produce a framework that can be easily communicated and monitored, e.g. intentions, actions, measurable goals, and by when. More info: https://tinyurl.com/56k3ufk4

Step 4 for a successful #BusinessStrategy: Strategy formulation. Start with the strategic and implementation critical success factors, and the gaps and weaknesses in the position that have to be closed. More details: https://tinyurl.com/56k3ufk4

Step 3 for a successful #BusinessStrategy: Position and balance. Draw up strategic statements that are strong and consistent and reflect the close interrelationships between them, e.g. vision, business purpose, business idea, perceived value. More details: https://tinyurl.com/56k3ufk4

Today in 399 BC, Socrates was sentenced to death for encouraging people to think. Why? Authoritarian regimes thrive with uneducated population lacking critical thinking skills. Authoritarians target academia, media, educated and then women, essentially all that they wish to prevent or control.

Step 2 for a successful #BusinessStrategy: Review the situation by analysing external factors and business intelligence; market statistics, dynamics and segmentation, and your competitors. More info: https://tinyurl.com/56k3ufk4

Want a successful #BusinessStrategy? Step 1: set your goals. Establish the essential theme of your business, in terms of your vision, mission, business idea and corporate objectives. For more details: https://tinyurl.com/56k3ufk4

6th and final question for someone considering an #NED role in a #FamilyOwnedBusiness: Are you prepared to work extra hard on communication? www.linkedin.com/feed/update/urn:li:activ...

Why is emotional intelligence particularly important for an #NED in a family-owned business? www.linkedin.com/feed/update/urn:li:activ...

If you're thinking of taking up an #NED role in a family-owned business, does the company have mission and values statements you can support? www.linkedin.com/feed/update/urn:li:activ...