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“Now more than ever, directors and executives need to be fully informed of relevant statutory requirements and value adding corporate governance principles and recommendations in fulfilling their duties and responsibilities while steering their organisations through turbulent waters. This is not only part of being an effective and ethical leader but also of personal risk management. “ - Adv Annamarie van der Merwe
King IV™ Code on Corporate Governance, Part 5.3, principle 7: “The governing body should comprise the appropriate balance of knowledge, skills, experience, diversity and independence for it to discharge its governance role and responsibilities objectively and effectively”
The role of a non-executive director is very broad and includes being involved in policy making and strategic planning exercises rather than engaging in the day-to day operational activities of management. The non-executive is also responsible for the mentoring and support of the executive directors and monitoring their performance and holding them to account. They are expected to bring an independent perspective to decision-making .
Interpersonal skills and characteristics required, specifically of non-executive directors include:
Kindly note that The King IV™ Report on Corporate Governance for South Africa 2016, Copyright and trademarks are owned by the Institute of Directors in Southern Africa” and the IoDSA website link is: http://www.iodsa.co.za/?page=AboutKingIV™