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DEMAND FOR NON-EXECUTIVE DIRECTORS ON THE RISE

DEMAND FOR NON-EXECUTIVE DIRECTORS ON THE RISE
SAYS INTEREXEC
 
InterExec, the confidential Executive Agent, is pleased to announce the first of its new monthly senior executive recruitment index reports.
 
Market information collected by InterExec, who works closely with top headhunters, reveals that activity in the non-executive director (NED) sector is increasing, with demand for these types of roles on the rise.
 
Areas such as construction and retail are recovering particularly well and other areas such as energy and pharmaceutical are improving, generating positive implications for the NED sector.
 
NEDs bring balance and impartiality to company boards.  They are not involved in the day-to-day running of companies, but their unique talents, experience and high-level backgrounds allow them to participate constructively in the setting of strategy and ensuring standards of conduct and corporate governance are rigidly adhered to, in line with the findings of the Higgs Report (2003).
 
Other key NED responsibilities include setting the remuneration of the executive board and appointing key executives, as well as providing expert advice on restructuring, mergers and acquisitions.
 
Kit Scott-Brown, chief executive of InterExec, commented, Every company and organisation has different requirements of non-executive directors.  However, in private companies, an NED is sometimes required to help support a business if there is a shortage of in-house qualified directors.  Also, with many companies restructuring because of the economic downturn, quite often you will see an NED brought in to oversee the transition.

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