Non-Executive Director

Every entrepreneur runs out of the knowledge, experience and expertise at some point when business growth faces lots of obstacles. Even a growing and expanding business faces lots of challenges in delivering goods/services and maintaining customer satisfaction and expectation, the business leaders need independent, external and expert advice.

Non-executive director (NED) is experienced and expert individual who bring specialist knowledge to the business to provide vital support. These individuals do not participate in the day-to-day running the business. They work with the business leaders and directors at a strategic level who adds value by participating, examining and deliberating views on wide ranging areas. 

Being an outsider Non-Executive Director (NED) has a clear view of the company and also wider view of the industry and other outside factors affecting the company. They provide critical evaluation of situation and helps you to bring better solution to the problem by performing the role of a “devil’s advocate”.

Normally NED attend your meetings regularly, available for support as and when you need. NED generally add value and bring better solution. NEDs are usually chosen due to a wealth of business experience and a strong reputation. They may also have specialist knowledge that will benefit the board by providing valuable insights or key business contacts. The role of the NED is highly valued for their objective contribution but the role can be demanding and carries significant responsibilities.

Non-Executive directors can be found from LinkedIn or other specialist portal. Sterling Finance provides NED function for businesses on either regular or ad-hoc basis. Our expertise has helped many businesses to grow in to multi-million size business.