Low Down: Top Tips for SMEs

This week: non-executive directors

26th October, 2014
Róisín Peart of Eugene F Collins' Corporate Recovery Group

It is common for companies to have non-executive directors on their boards who are not involved in the day-to-day management of the company. Often, such directors are business-savvy and fully aware of the responsibilities that they are taking on.

However, such positions are just as often taken up by spouses, family members or friends of an executive director, merely to satisfy the legal requirement that a company has a minimum of two directors at any...

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