A Non-Executive Director (NED) is a member of a company's board of directors who is not part of the executive team.
Typically, they refrain from engaging in the day-to-day management of the organisation but are involved in policy making and planning exercises. Their responsibilities also include the monitoring of the executive directors and acting in the interest of the company stakeholders.
The demand for non-executive directors has increased in recent years, and so as the need for business leaders to transition to non-executive roles or as NED and trustee positions offer attractive professional development opportunities.
The non-execs challenge, question and monitor the CEO and senior management; they bring an independent perspective to decision-making; they hold senior management to account; they also support and mentor the CEO and senior management.
