Demand is growing for non-executive directors in the region with varied skills and backgrounds that complement the make-up of the overall composition of boards, according to a new report from recruitment group Pure Executive.
It says non-executives are having a positive impact on business performance in the region and more appointments to boards reflects a growing recognition of their strategic value in governance and oversight and adding value to the bottom line. The report looks at remuneration and best practice for non-executive directors and chair and points to a narrowing of the gap between private and listed companies. Pure Executive founder Lynn Walters said: “…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.’
The report shows that the average non-executive director at a private business in the Eastern region earns £41,686 for an average of 26 days per year. The report includes comments from non-executives in the region including Bronagh Kennedy of Treatt plc, Sarah Evans of East Anglia Air Ambulance, Nick Culley of TMJ Interiors and Paul Hooper of Alumasc plc. The report can be downloaded at: https://pureexecutive.com/non-executive-director-report
Photo: Lynn Walters (left), founder and Jodie Woodrow director, Pure Executive
