Terms of appointment for a NED
The terms applicable to a non-executive director will be affected particularly by the Company’s Articles of Association, which must be checked.
Note: a) The terms applicable to a non-executive director will be affected particularly by the Company’s Articles of Association, which must be checked. The Articles may modify or exclude the standard clauses of the model articles in the Companies (Model Articles) Regulations 2008 (or, for some older companies, Table "A"). b) Wording in square brackets is provisional, to be deleted or adapted as appropriate. c) References to the UK Corporate Governance Code in the footnotes are to the revised Code that is effective from 1st January 2019. d) As well as the Code it is advisable to be familiar with the Guidance on Board Effectiveness produced by the Financial Reporting Council (FRC Guidance).
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