In a speech to a seminar arranged by PRO NED, an organisation dedicated to the promotion of non-executive directors on company boards, Mr D A Walker, an Executive Director of the Bank, comments on the pressures that have forced many companies to cut back over the last few years. A phase has now begun in which company strategy can be considered in a less fraught atmosphere and where business decisions are much less a matter of life and death. But the capacity of a company to flourish and indeed survive in the medium and longer term will depend heavily on decisions taken in the short term; the contribution to decision making that can be made by good non-executive directors is a particularly important one.
The direction of business and the role of the non-executive director - a view from the City - Speech