Sunday, 7 September 2008

What is a Non Executive Director?

In Company Law, a Non Executive Director is equal in responsibility to an Executive Director.

So what is the the difference between a Non Exec and an Executive?

You could take the view that an Executive is Hands on and a Non Exec is Hands off, an Executive is not independent whereas a Non Executive is clearly independant.

An Executive Director is employed by the Company and is in a full time role, a Non Executive Director is self employed and works for the Company on a part time basis.

The Executive Director brings inside knowledge whereby the Non Exectuive Director brings very important external knowledge.

So you will see that one role complements the other, and that both have important functions in any business.

This is just a small insight into the differences between Executive Directors and Non Executive Directors, if you are looking to grow your business in a targeted or aggresive manner, you could do no worse than contact Andy Carr - Management Consultant and Non Executive Director - consultancy@andycarr.com , I look forward to hearing from you and to meeting you, I know that I can help your business grow, and if that is your aim (which I'm sure it is!), then I am the Non Exec for you! consultancy@andycarr.com .