04th Jun 2019
Mike Clancy presented to Cohort 36 of the Diploma at their induction day. The talk focused on tips and advice to source a first non-executive role. Good luck with the studies to all those starting the diploma today!
30th Apr 2019
As career transition advisers for aspiring non-executive directors we are frequently asked about remuneration for such roles. The topic is a broad church. A key point is you should not be undertaking a role for the money. It is a valid argument that if you are hostage to the fees you earn your independence is comprised. However it is wise to be informed on current levels of remuneration. Today KPMG published a survey of directors' remuneration in AIM listed companies. Pages 17 and 18 cover non-executive director fees. The analysis against company turnover may help to provide some "rules of thumb".
11th Dec 2018
Search firm Norman Broadbent have published a guide on how to start a non-executive career. The guide is concise and helpful. We particularly like the sections on pages 5 and 6 about the preparation required and how external help can make a difference at this critical career stage.
10th Dec 2018
Following the responses to a 2016 Green Paper on Corporate Governance Reform the UK Government concluded in September 2017 that a case had been made for more transparency and accountability for corporate governance in large privately held businesses. The Government invited the Financial Reporting Council (FRC) to work with a variety of partners to develop a set of corporate governance principles for such companies. A Coalition Group (the Group) representing numerous interested parties was formed in January 2018. The Group was chaired by James Wates of the Wates Group a company captured by the definitions of large private company. Today the Group published, "The Wates Corporate Governance Principles for Large Private Companies".
22nd Nov 2018
Mike Clancy presented to Cohort 34 of the Diploma at their induction day. The talk focused on tips and advice to source a first non-executive role. Good luck with the studies to all those starting the diploma today!
12th Sep 2019
Mike Clancy presented to Cohort 33 of the Diploma at their induction day. The talk focused on tips and advice to source a first non-executive role. Good luck with the studies to all those starting the diploma today!
16th Jul 2018
Today the Financial Reporting Council (FRC) released the 2018 UK Corporate Governance Code (the Code). This updates and replaces the previous code released in April 2016. The Code applies to accounting periods beginning on or after 1st January 2019. The main changes apply to the sections regarding; Workforce & Stakeholders, Succession & Diversity, Culture and Remuneration.
16th Jul 2018
The Financial Reporting Council (FRC) also published a revised Guidance on Board Effectiveness which supplements the Code by suggesting good practice to assist companies in applying the 2018 Code's Principles and reporting on the application.
21st Jun 2018
Following the event at the Financial Times on 13th June regarding the personal implications of becoming a non-executive director the survey report was published today.
13th Jun 2018
Mike Clancy of Walgrove and Ian McNally of wealth manager Saunderson House presented the findings of a survey conducted by the Financial Times Non-executive Director Club and Saunderson House on the implications of becoming a non-executive director. Mike presented the findings on the non-financial implications and Ian the financial ones before jointly fielding questions from the audience. The event took place on 13th June as part of the NED Conversations events series run by the Financial Times for members of their NED Club.
31st May 2018
We were delighted to be informed by client Robert Hunt that he has been appointed a non-executive director of Policy Connect a cross-party think tank improving people’s lives by influencing Government policy. The organisation collaborates with Government and Parliament, and across the public, private and third sectors to develop their policy ideas. Policy Connect work in health; education & skills; industry, technology & innovation, and sustainability policy. Robert sourced the opportunity through direct networking with the organization.
29th May 2018
As part of their Alumni Career Programme London Business School hosted a Non-executive Director Panel on the 29th May for Alumni interested in finding out more about becoming a non-executive Director. Clients Jean-Paul Rigaudeau and Clarissa Farr briefly presented about their non-executive careers to date and then fielded questions from the audience. Questions on the evening included, “Are you seeing increased diversity on Boards?”, “How did you get your first non-executive role?” and “What are the main challenges of being a non-executive director?”
The transition from executive to a non-executive board member requires an in-depth knowledge of the process. Mike helped me understand the nuanced process and provided valuable ...
Portfolio NED, Alternative Investment Sector
Working with Mike has been really helpful. The career review to identify my key skills and experience to promote for NED roles, the NED focused CV and the candidate ...
Portfolio NED, Investment and Family Office Advisor