IoD Wales hosts inaugural private dinner for members
On Monday 7th November, Institute of Directors (IoD) Wales hosted their inaugural private dinner with Deloitte and Acuity Law. A select group of members were invited to discuss the role of the non-executive director.
Twenty five business directors attended the dinner, which was held at HMS Cambria in Cardiff Bay, and the discussion was led by Murray Eldridge, experienced non-executive director and Fellow of the IoD. The event was created to provide a platform for business leaders to learn more about the role of the non-executive director, to share ideas and best practices.
IoD Wales, National Chair, Richard Selby explained: “The non-executive director’s (NED) role is to provide a creative contribution to the board by providing independent oversight and constructive challenge to the executive directors. There is no legal distinction between executive and non-executive directors. As a consequence, in the UK unitary board structure, NEDs have the same legal duties, responsibilities and potential liabilities as their executive counterparts. It is therefore imperative that NEDs are aware of their role and responsibilities. We are eager to ensure that our members are confident going into these roles and for them to be the best directors they can be.”
This event was jointly sponsored by Deloitte and Acuity Law, the collaboration was established to ensure members received the most up to date advice and guidance.
Ian Howse, Senior Partner at Deloitte said: “Deloitte works with companies of all sizes and is well placed to support business leaders in Wales. The dinner was a great opportunity to bring people together to exchange ideas and insights. As well as experienced non-execs, many directors that attended were aspiring NEDs and you could see everyone really appreciated hearing from their peers and the thought-provoking discussion around the table on the expectations and challenges of being a non-executive director. A very interesting and empowering evening for everyone who attended.”
Rachelle Sellek, Commercial & Technology Partner at Acuity Law said “As a full-service law firm, we regularly support business leaders from start-ups to blue chips in growing, shaping, and developing successful businesses. Partnering with the IoD and Deloitte to deliver a forum for aspiring and seasoned NED’s to share ideas and thought leadership was an invaluable opportunity and one we very much hope to repeat”.
This event is the first of a series of events for Non–Executive Directors in Wales. If you are a NED or an aspiring NED and would like to find out more contact [email protected]