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To
requesting companies, the Board Appointment
Service is a service introducing members
for consideration of appointment by:-
-
Listed companies searching for
independent non-executive directors;
-
Companies seeking to enhance
leadership at the board level;
-
Venture capital firms or business
development funds placing
non-executive directors on the
boards of companies invested by
them.
Conditions of Service
-
Prior to the service, a requesting
company is required to sign a
Company
Undertaking Document
to acknowledge the ex-gratia service
of the Institute being provided as a
service to its members. Requirement
of the company is defined via a
simple
Questionnaire
on Company Specification for NED.
- The
Institute provides members and
requesting companies with this
service free of charge. But in order
to further the Institute's mission
of promoting good corporate
governance, the Institute will be
grateful for a donation of a
discretionary amount from the
requesting company for this purpose,
unconditional on any appointment
resulted from the introduction by
the Institute.
-
Based on the Questionnaire completed
by a requesting company, the
Institute approaches members in the
Register with matched profiles to
seek their consent to be introduced.
Members consenting are required to
sign a Member Undertaking Document
to acknowledge the ex-gratia service
of the Institute being provided as a
service to its members and are
requested to update their profiles
in the Register, if necessary.
- A
list is then forwarded to the
requesting company together with the
personal profiles of the respective
members from the Register.
- The
requesting company is free to
approach the members introduced.
Both the appointing and appointed
parties acknowledge that they are
solely responsible for their
respective analysis, negotiation and
decision and hold the Institute free
from liability whatsoever.
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