When businesses stumble or fail, the question frequently asked is: 'Where were the non-executive directors?' There is an increasing amount of literature focused on examining the role and responsibilities of non-executive directors, and the part they play in ensuring good governance and defining the linkage through to corporate performance. Boards of companies that 'tick all the boxes' still continue to encounter governance issues. Even textbook boards, filled with star-studded directors from a range of backgrounds, can struggle in their overall responsibility to safeguard shareholder value. Problems of governance are everywhere in the corporate world and continue to pop up on a regular basis and affect companies of all sizes, from household names to much less well known, smaller companies.
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