International NEDs: why are they important and what problems do they face?
A board of directors must have the necessary diversity and experience relevant to the company’s business. Financial knowledge is clearly important, but there’s another area which is often ignored: international experience and understanding.
An international chartered accountant can often be a very valuable member of the board, whether in the home country or abroad at a subsidiary or foreign investment.
International NEDs have specific responsibilities and can experience difficult situations found at international companies. Skills and expertise required of an international NED include an understanding of different cultures and the ability to communicate and comprehend the habits and attitudes of different countries. They should also be able to identify the risks in international political and geographical crises.
Continue reading
This content is not freely available. To access 'International NEDs: why are they important and what problems do they face?' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
ICAEW member
-
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.
-
Corporate Governance Community
-
If you’re a board member or NED - keep up to date with the news and developments in this field.