A Director's Guide to Governance in the Boardroom

CHAPTER FIVE Executive Directors on the Board

Chris Pearse, Monica Langa, and Lorraine Clinton

DOI: 10.4324/9781003142850-5

Introduction

There is considerable literature which focusses on the role of non-executive directors (NEDs), and the contribution they make to organisations in every sector, when it comes to executive directors, their role, as directors rather than as managers, is too often overlooked. When appointed to the Board, both executive non-executive company directors are considered, by the Companies Act (2006) to have equal legal and fiduciary responsibilities as well as potential penalties for not meeting legal or regulatory requirements. The challenges, however, for each are quite distinct – possibly more so for executives ...