Upcoming Events

Apr
30
Tue
2019
9:00 am How to become a Non-Executive Di... @ The Waterfront
How to become a Non-Executive Di... @ The Waterfront
Apr 30 @ 9:00 am – 4:30 pm
Are you thinking of becoming a Non-Executive Director as part of a Portfolio Career or to develop your boardroom skills prior to taking up an executive director role? <img data-attachment-id='211' data-permalink='https://nedworks.net/how-to-become-a-non-executive-director-bristol-21-january-2013/boardroomlr/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2013/01/boardroomlr-e1403708151819.png?fit=600%2C486&ssl=1' data-orig-size='600,486' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':''}'[...]
May
23
Thu
2019
9:00 am How to become a Non-Executive Di... @ Institute of Directors
How to become a Non-Executive Di... @ Institute of Directors
May 23 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 23 May 2019 @ Institute of Directors
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course. <img data-attachment-id='113603' data-permalink='https://nedworks.net/10-things-non-executive-directors-can-do-to-satisfy-their-legal-responsibilities/ned3-2/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=1500%2C883&ssl=1' data-orig-size='1500,883' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':'','orientation':'0'}' data-image-title='NED3' data-image-description=' ‘ data-medium-file=’https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=300%2C177&ssl=1′ data-large-file=’https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=695%2C409&ssl=1′ class=’alignright size-medium wp-image-113603′ src=’https://i0.wp.com/www.nedworks.net/wp-content/uploads/2015/04/NED31-300×177.png?resize=300%2C177&ssl=1′[...]
Jun
11
Tue
2019
9:00 am The Effective Non-Executive Dire... @ The Plaza
The Effective Non-Executive Dire... @ The Plaza
Jun 11 @ 9:00 am – 4:30 pm
The effective Non-Executive Director course helps you to be an effective non-executive director. It instils a real sense of what is expected of NEDs, and how you can meet the challenge. <img data-attachment-id='113603' data-permalink='https://nedworks.net/10-things-non-executive-directors-can-do-to-satisfy-their-legal-responsibilities/ned3-2/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=1500%2C883&ssl=1' data-orig-size='1500,883' data-comments-opened='0'[...]
Jun
25
Tue
2019
9:00 am How to become a Non-Executive Di... @ Cornwall Buildings
How to become a Non-Executive Di... @ Cornwall Buildings
Jun 25 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – Birmingham 25 June 2019 @ Cornwall Buildings
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course.   <img data-attachment-id='2823' data-permalink='https://nedworks.net/become-non-executive-director-manchester-24-september-2014/ned1/' data-orig-file='https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=600%2C300&ssl=1' data-orig-size='600,300' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':''}' data-image-title='NED1' data-image-description=' ‘ data-medium-file=’https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=300%2C149&ssl=1′ data-large-file=’https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=695%2C347&ssl=1′ class=’alignright size-medium wp-image-2823′[...]
Jul
16
Tue
2019
9:00 am How to become a Non-Executive Di... @ 111 Piccadilly
How to become a Non-Executive Di... @ 111 Piccadilly
Jul 16 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – Manchester 16 July 2019 @ 111 Piccadilly
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course. <img data-attachment-id='2823' data-permalink='https://nedworks.net/become-non-executive-director-manchester-24-september-2014/ned1/' data-orig-file='https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=600%2C300&ssl=1' data-orig-size='600,300' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':''}' data-image-title='NED1' data-image-description=' ‘ data-medium-file=’https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=300%2C149&ssl=1′ data-large-file=’https://i2.wp.com/nedworks.net/wp-content/uploads/2014/06/NED1-e1403709592905.png?fit=695%2C347&ssl=1′ class=’alignright size-medium wp-image-2823′ src=’https://i0.wp.com/www.nedworks.net/wp-content/uploads/2014/06/NED1-e1403709558124-300×149.png?resize=300%2C149&ssl=1′[...]

Greenwich Students’ Union – Treasurer

Treasurer – Greenwich Students’ Union Organisation: Greenwich Students’ Union Reference: Vacancy Type: Treasurer Deadline: 30th May 2019 Region: Nation Wide Vacancy Details Trustee – Treasurer Greenwich Students’ Union (GSU) is a registered charity and company limited by guarantee, providing services to students at the University of Greenwich. We are seeking a new Trustee to join […]

The post Greenwich Students’ Union – Treasurer appeared first on NEDworks.

[…]

Ayrshire College – Non-Executive Board Members

Non-Executive Board Members – Ayrshire College Reference: 1629 Remuneration: Unremunerated Location: Ayrshire Closing date: 29 March 2019 at midnight Ayrshire College is recruiting three new members to its Board of Management. You may never have considered a Board position before however, your experience may be invaluable! Many of us don’t realise how much we have […]

The post Ayrshire College – Non-Executive Board Members appeared first on NEDworks.

[…]

Central & Cecil Housing Trust (C&C) – Chair

Chair – Central & Cecil Housing Trust (C&C) Waterloo, London £10k per annum plus expenses – up to three days per month About Central & Cecil Housing Trust (C&C) Central and Cecil Housing Trust (C&C) is a non-for-profit housing association providing housing and care services to the over 55s. C&C was founded over 90 years […]

The post Central & Cecil Housing Trust (C&C) – Chair appeared first on NEDworks.

[…]

Dyson Institute of Engineering and Technology – Chair of Council

Chair of Council – Dyson Institute of Engineering and Technology Job Title: Chair of Council Job Reference: KZZAA Closing Date: Friday 5 Apr 2019 By 2025 Britain will be short of 1.8 million engineers: this shortfall will not be solved through apprenticeship schemes or a traditional approach to education. Established in September 2017, The Dyson […]

The post Dyson Institute of Engineering and Technology – Chair of Council appeared first on NEDworks.

[…]

Small Business Commissioner (SBC) – Advisory Board and Audit & Risk Assurance Committee Member

Advisory Board and Audit & Risk Assurance Committee Member – Small Business Commissioner (SBC) Body: Department of Business, Energy and Industrial Strategy Appointing Department: Department of Business, Energy and Industrial Strategy Sectors: Business, Finance & Skills Location: Birmingham Skills required: Accountancy, Audit and Risk, Business / Commercial Number of Vacancies: 1 Remuneration: £350 per day […]

The post Small Business Commissioner (SBC) – Advisory Board and Audit & Risk Assurance Committee Member appeared first on NEDworks.

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News story: The Insolvency Service newsletter: Winter 2019

The Winter 2019 edition of our newsletter is now available. […]

US corporates start to come clean on political donations

Beto O'Rourke

If there’s one thing certain to cause consternation in US political discourse, it is the source of political funding.

A case in point: In the same week Democratic candidate Beto O’Rourke broke fundraising records, others were writing how he once drew funds from businessmen who had previously donated millions of dollars to Republicans.

The issue now is whether US companies will come clean and reveal the donations they make to politicians and thus dispel concerns about murky funding arrangements. The signs this week, following a raft of statements from high-profile companies, are promising.

Ameriprise Financial, Chubb, Mondelez International, MSCI and Tractor Supply are the latest to say they will go public with information about political donations, signifying another small victory for corporate governance campaigners.

“This is recognised by companies as a major corporate governance issue,” says Bruce Freed, president and co-founder of the Center for Political Accountability (CPA).

But while the latest news makes the issue look as if it is at last beginning to bite, the process of persuading companies to open up about political spending has been under way for some time.

The CPA was launched 15 years ago and has partnered since then with investors on introducing model shareholder resolutions calling for better disclosure.

Since 2011, the CPA has been rating companies on their disclosures on an annual index. Last year’s revealed disclosure and accountability was up slightly on the previous year for companies in the S&P 500. The number of companies rated as “trend setters”, after logging the highest scores, rose from 50 to 57. And this in an environment in which the CPA says companies are under pressure from Washington not to increase disclosure.

“Quietly,” the report says, “these companies are resisting [that pressure].”

Reputational risk

Intriguingly, the current political climate may have helped the cause. Freed says the campaign for better reporting has seen a recent boost. “It has been an important issue since before Trump, but I think companies recognise it has become even more critical since Trump.”

This may be because of a significant divergence between Trump policy positions maintained to appeal to core supporters and the rest of the general population. But Freed adds that social media has also had a significant role to play in convincing companies that political spending can present problems.

“The rise of social media has been absolutely critical because a company that engages in controversial expenditure runs the risk that protests will be made via social media and suffer reputational and business damage,” says Freed.

There are numerous examples. Last year Delta Airlines ended an affinity deal with the National Rifle Association following a consumer backlash in the wake of the Parkland shooting in Florida that killed 17 students and staff at the Marjory Stoneman Douglas High School.

Back as far as 2010, the CEO of retail group Target was forced into a public apology over donations to the campaign of a gubernatorial candidate following a consumer campaign that called for a boycott of the company’s stores. The candidate reportedly opposed gay marriage. Shareholders asked Target to change their donations policy.

“Corporations need to figure out how to monitor social media and social media comments, shares and retweets about political events because it could blow back on them via the fact that they made a financial contribution”

—Mike Cornfield, professor in political studies

Such events have had an influence. Freed tells Board Agenda that during one recent meeting with the CPA, a company secretary openly worried that political donations that proved controversial could lead to customers turning to competitors.

Concerns about the ability of social media to affect corporations is present elsewhere. Mike Cornfield, a professor in political studies at George Washington University, has developed a method for monitoring communications on platforms such as Twitter, Instagram and YouTube. He warns that companies that previously monitored their own reputations on social media are now focused on monitoring the reputations of candidates to which donations are made.

“Corporations need to figure out how to monitor social media and social media comments, shares and retweets about political events because it could blow back on them via the fact that they made a financial contribution,” says Cornfield.

However, that in itself may not be enough. As social media platforms come under pressure from public and regulators to reform, so the dissemination of information may take on new forms, which in turn could change the ways in which companies are affected. Corporates therefore need to not only monitor the messaging, but changes to the infrastructure on which it takes place.

Freed believes companies will have to work on ensuring that their political spending decisions are in line with their values. “Where there is a dissonance, a divergence, companies face a real threat,” says Freed, who warns that millennials—the group most active on social media—are likely to pose the biggest risk.

Private reform

But there is also the possibility of the bringing in new laws. These have been called for in the past most notably by academics Lucian Babchuk and Robert Jackson who co-chaired a committee in 2011 that called on the Securities and Exchange Commission to introduce rules “requiring public companies to disclose their spending on politics”.

Despite recording more than a million public comments on the proposal, new legislation has yet to be introduced. Though it is worth noting that Jackson became an SEC commissioner—comparable to a non-executive role—in January last year.

That said, some believe real progress on the issue will come not from rule makers but from companies themselves. Freed believes that with so many corporates turning to disclosure and accountability policies they are effectively involved in what US observers term “private ordering”—the process of common practice effectively taking the place of law as it becomes the norm.

Others have seen it too. In a 2017 paper Robert Yablon, a professor at the University of Wisconsin Law School, explored the need for regulation of political spending. He held little hope of a change in the law coming any time soon. Instead he looked to “private” reform.

That may mean continuing to press the argument that disclosure and accountability are as, Freed says, a “dollars and cents” issue.

“The important thing,” he adds, “is that senior management recognise that political spending poses a risk and this is a risk management issue. That’s significant.”

The post US corporates start to come clean on political donations appeared first on Board Agenda.

[…]

Bangor University – University Council Member

University Council Member – Bangor University Applications are invited from individuals who can make a substantial contribution to the work of Bangor’ University’s Council as independent members, and would support the University’s mission to be: A strong, confident institution recognised regionally, nationally and internationally as a centre of excellence for its varied portfolio of teaching […]

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The Dudley Group NHS Foundation Trust – Chair

Chair – The Dudley Group NHS Foundation Trust We are looking for an exceptional leader to chair The Dudley Group NHS Foundation Trust. This is a unique opportunity to lead the Board of Directors to continue the improvement journey of the Trust. Based in the heart of the Black Country, The Dudley Group NHS Foundation […]

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Community Accountability Forum – Co-Chair (CPS)

Co-Chair (CPS) – Community Accountability Forum Body: Crown Prosecution Service Appointing Department: Attorney General’s Office Sectors: Charity & Public Sector, Communities, Judicial, Prison & Policing Location: London Skills required: Audit and Risk, Change Management, Legal / Judicial, Major Projects, Transformation Number of Vacancies: 1 Remuneration: £250 per meeting Time Requirements: Anticipated between 5 and 10 […]

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