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Board Research 2015-16 Report from Harvey Nash

Tuesday 18 June 2019

Board Research 2015-16 Report from Harvey Nash

Meeting the Challenge: Diversity, Digitisation & Boardrooms - Presentation and analysis of some of the key insights from the Harvey Nash Board Research 2015/16. The current business environment places a premium on boards having the right capabilities across a range of disciplines, from the core expertise of finance and corporate strategy through to digitisation, cyber security and organisational development.

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Boardrooms are under unprecedented levels of scrutiny. Fallout from the financial crisis continues to shape the governance debate while fresh scandals over accounting, along with continued discussion of executive remuneration, have helped throw a spotlight on non - executives and their responsibilities.
Watchdogs too have played their part in demanding more from non-executives. A revised UK Corporate Governance Code has stressed the importance of risk management, while regulators are bringing closer scrutiny to bear on company culture.


This year Harvey Nash set out to uncover the impact of these developments with its second annual research on non-executive directors and chairs. The survey included a broad spectrum of organisations in their portfolios. Almost a third (32%) served at companies with up to 5,000 employees, while a quarter (23%) had roles at organisations with more than 5,000. But respondents included much smaller companies in their portfolios, with 45% saying they were on the board of organisations with up to 99 employees.


The biggest proportion of those surveyed (41%) came from PLCs, while the public sector, not for profits, the private sector and private equity were equally well represented. Respondents were almost evenly split between 54% who were non-executives and 46% who were chairs or held both positions. Half our respondents were 56-65 years old, the largest group in the research, while a quarter were 46-55. Women were well represented in the research (37%).      

                                
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Boardrooms are under unprecedented levels of scrutiny. Fallout from the financial crisis continues to shape the governance debate while fresh scandals over accounting, along with continued discussion of executive remuneration, have helped throw a spotlight on non - executives and their responsibilities.