An independent Non-Executive Director/Chair can bring considerable benefit to a privately owned business by:

 

• Bringing an experienced external perspective to the business and consequently providing support to the owner/ managing director.
• Acting as mentor and being available for confidential discussions.
• Removing some of the internal stress within a family business and improving relationships
• Helping to boost morale.
• Performance monitoring of management, thus ensuring self-discipline of management and lifting standards and results.
• Networking value.
• Bringing knowledge of corporate law.
• Helping to develop broad business strategy and objectives.
• Providing knowledge and expertise in a range of industries and the economy in general.
• Bringing required functional experience plus profile and wisdom.
• Helping to raise standards of corporate governance, ethics and culture.
• Assisting in developing, monitoring and reviewing the business plan.
• Providing vision where necessary.
• Presenting highly regarded boardroom profile to staff, clients, financiers and institutions.
• Assisting in training.