IoD launches Commission to explore the evolving role of non-executive directors in the UK
With the board landscape having transformed significantly since the Higgs Review over 20 years ago, the IoD is launching a Commission to address the unique challenges faced by non-executive directors and help them unlock their full potential.
Despite the prevalence of non-executive directors in both large listed companies and the not-for-profit sector, recent corporate scandals and collapses have raised concerns about their effectiveness. The IoD’s Commission will investigate whether NEDs are truly delivering the anticipated benefits and how they can better contribute to value creation.
The Commission will run between February and July 2025, and report its findings in the Autumn. Further details regarding the Commission are available here.
Commenting on the new Commission, Jonathan Geldart, Director General of the IoD, said:
“The role of non-executive directors has evolved significantly over the past two decades, and it is crucial to assess whether they are delivering the anticipated benefits to corporate governance and value creation.
“We are delighted that Baroness Evans has agreed to chair our Commission alongside a distinguished group of leading figures. This review will support the purpose of the Institute, as outlined in our Royal Charter, by ensuring that business leaders continue to act responsibly and benefit the economy and society at large.”
Commenting on her appointment as Chair of the Commission, The Rt Hon. Baroness Evans of Bowes Park said:
“I am delighted to be chairing this important Commission. Over the next five months, we plan to evaluate the current landscape and make recommendations that will enhance the deployment of non-executive directors. Our goal is to support boards and policy makers in fostering a culture of responsible risk taking and effective governance, ultimately enhancing societal trust in UK business.”
