Question

Importance and role of a non executive director as part of the board of directors

Answer 1

The importance of the Non- executive director as part of the board of directors is that,

Being a part of the Board of Directors but not part of the executive committee. They can provide unbiased and impartial opinion about the happenings in the organisation. They are not part of the day to day operations of the company, so their opinions are not in conflict with the management of the company. A non-executive directors' responsibilities include the monitoring of the executive directors and acting in the interest of the company stakeholders. The main motive of an organisations is to act in the best interest of the stakeholders , and the non - executive team helps the company achieve this.