Advanced Boardroom Excellence

This Practice Note looks at the corporate governance best practice for the appointment of executive and non-executive directors of companies with a listing of equity shares in the equity shares (commercial companies) category and the key principles to be applied by the nomination committee when selecting and recommending candidates. It also examines related issues such as succession planning, directors' due diligence, induction, training, diversity in the boardroom and women on boards, time commitment and re-election.

This Practice Note considers the concept of independence under the UK Corporate Governance Code and other best practice guidance, including the circumstances in which a non-executive director (NED) will be treated as independent, the requirement for the roles of chief executive and chair to be separate, the senior independent director and the requirement for the presence of independent NEDs on the board and its committees.