Finance & Accounting

Essential Criteria To The Appointment For Non-Executive Director To Board

You can download the solution to the following question for free. For further assistance in Accounting and Finance assignments please check our offerings in Accounting assignment solutions. Our subject-matter experts provide online assignment help to Accounting students from across the world and deliver plagiarism free solution with free Grammarly report with every solution.

(ExpertAssignmentHelp does not recommend anyone to use this sample as their own work.)

Assessment Type

Assignment

Word Count

2500 Words

Subject

Accounting

Deadline

4 Days

Assignment Criteria

What is Essential Criteria to the Appointment for a Non-Executive Director to the Board

Why Choose Us?

Assignment Understanding Brief

Review your requirements with our FREE Assignment Understanding Brief and avoid last minute chaos.

Global PhD Experts

We provide you services from PhD experts from well known universities across the globe.

Free Grammarly Report

No more plagiarism worries. We give you a FREE Grammarly report with every assignment.

Delivery Before Deadline

Our experts work round the clock to provide you with solutions before the scheduled deadline.

Assignment Solution

Introduction

A non-executive director is not employed by the company but legally compliant with the requirements of the Corporations Act 2001 and shows intermittent performance in the Board (AICD 2016). 

Essential Criteria for a Non-Executive Director

The selection criteria for non-executive directors check whether their skills and expertise are aligned with the company's Board (Whitehead 2013). 

Knowledge and Experience

The person should have working experience in executive-level positions in similar organisations and have an understanding of the various responsibilities – legal, ethical and financial (AICD 2011). A good comprehension of financial reporting and awareness about laws is essential. 

Expertise

The person should be constructive in strategic reviews and be an active contributor during decision making (Cortese 2009). He/She should be capable of managing organisational risks. The person is to be a change manager employing recent management thinking in managing people and the company (AICD 2011).

Personal Integrity

The person has to fulfil the assigned roles and responsibilities, behave ethically and independently and give priority to the company’s interests than personal interests (AICD 2011). 

Persistence

The person has to act collaboratively, be bold, curious, robust and display perseverance during a discussion with other members and capable of synthesising complex details (Wheeler 2012).

Empathy

The person should have strong interpersonal and communication skills, act empathetically, work in a group and be tactful (AICD 2011).

Business Acumen

The person should showcase good business instinct and genuine interest in the company  (AICD 2011). 

Conclusion

Thus, a non-executive director is to be intelligent, supportive, experienced, entrepreneurial and passionate.

Download This Assignment Sample For Free

    This form collects your email so that we can correspond with you through our newsletters. Checkout our Privacy policy for more information.
    Yes, i consent to this conditions.