Non-Executive Directors (NEDs) are in high demand in 2024. The role is evolving rapidly, and changing board demographics, market needs, and a heightened focus on specialised skill sets is continuously influencing it. It will be essential to anticipate and understand these trends to stay ahead of the curve.
Established NEDs and aspiring board members, as well as HR professionals and organisations seeking a stronger governance framework, will find our comprehensive guide The NED Landscape in 2024 and Beyond: Trends, Changes & Predictions a valuable resource. It delivers the insights you need to navigate the future of corporate governance, while exploring the current trends and predictions.
Here’s a brief overview of some key topics explored in our Whitepaper:
5 Key Trends Shaping the NED Role in 2024
- New Skills in High Demand: As the business landscape becomes more complex, companies are increasingly recruiting NEDs with specialised expertise. These areas include risk management, digital transformation, and finance. Understanding these emerging skills is crucial for professionals aspiring to NED roles, and boards looking to enhance their strategic impact.
- ESG and Sustainability Take Centre Stage: Environmental, Social, and Governance (ESG) factors are now central to corporate strategy. NEDs with sustainability expertise are now highly sought after. For NEDs and boards aiming to stay relevant, it’s essential to grasp how ESG impacts corporate governance and drives stakeholder expectations.
- Emphasis on Diverse Expertise and Demographics: Diversity on boards – across gender, ethnicity, age, and skill – is increasingly recognised as the key to effective governance. Companies are bringing in seasoned professionals with targeted expertise, but also younger NEDs who offer varied and fresh perspectives. Research shows that diverse boards drive better decision-making.
- Evolving Compensation Structures: NED salaries are on the rise, particularly in high-growth sectors like technology and finance. NED compensation packages now often include performance-linked pay tied to strategic initiatives and ESG goals. As a result, NEDs must deliver measurable contributions to long-term company success.
- Heightened Regulatory Scrutiny: With organisations facing increased regulatory requirements, NEDs are playing a larger role in overseeing compliance, risk management, and governance frameworks. Mastering these complex regulations is essential for NEDs to ensure robust governance and effectively fulfil their responsibilities.
Who should Download this Whitepaper?
Our NED Landscape guide has been designed and tailored for a wide range of readers, including:
It offers valuable insights into emerging industry trends, evolving expectations, and the skills necessary to succeed in 2024 and beyond.
Why This Whitepaper Matters
For Individuals: This guide helps you understand the evolving NED role, allowing you to prepare and position yourself as an asset in a dynamic corporate environment.
For Companies and Recruiters: The insights provided in this guide are essential for shaping effective board recruitment strategies. You’ll gain a clearer understanding of which NEDs can drive innovation, governance, and risk management.
Take the Next Step
Download the full whitepaper to explore these landscape shifts in-depth and learn how to position yourself for success in 2024 and beyond.
