Thu 16 Nov 2017 | 08:00 | Duration 8:00 | Chambre de Commerce Kirchberg
Courses / Advanced - The Challenge of the Non-Executive Director
Aligning professional duties with stakeholder expectations
Course outline
This course will explore the challenges facing the non-executive director (NED) on the Board in dealing with stakeholder, group and personal interests relative to independence issues.
Course highlights
Shareholder and Stakeholder expectations of the NED
  • Direct stakeholders: Shareholders; investors; employees
  • Indirect stakeholders: Society; government; partners; suppliers, customers and more
  • Shareholder concentration and group interest expectations
  • Shareholder engagement: What is expected?

Role and responsibilities of the NED in the Regulatory context
  • “Soft Law” & regulatory expectations on NED duties
  • Market Abuse & Insider Trading risks

Boardroom dynamics – the unique role of the NED
  • Boardroom politics and conduct
  • Boardroom nemesis: Groupthink
  • The non-executive voice in decision taking
  • Standing alone: Acting in the face of doubt

Split Loyalties – Whose Director are you anyway?
  • Nature of the NED nomination and mandating process
  • Group interest versus company interest
  • Business Line conflicts within the organization
  • Dealing with conflicting expectations

Complexities, dilemmas and conflicts:
An interactive discussion of experience and solutions
  • Dealing with personalities
  • Them and us: Building trust with the executive
  • Them and us: Conflict Management in the face of group interest
  • Managing conflict of interests
Benefit of the program
This program will enable participants to:
  • Better understand the role and mandate of the NED within the company and towards external, nominating parties
  • Understand shareholder and stakeholder expectations of the NED role
  • Explore the key loyalties and responsibilities of the NED and how to satisfy them
  • Increase awareness to conflict of interest and market abuse risks
  • Identify the key qualities and skills required of an effective NED
  • Strengthen the ability of the NED to manage shareholder/stakeholder expectations
Target audience
  • Recently appointed / or to be appointed NEDs
  • NED’s holding board mandates in companies with dominant shareholders
  • Chairpersons, board members and executives who interact with NEDs and INEDs, and who wish to further develop their understanding of the NED’s role
Practical information
  • Trainer: Anthony Smith-Meyer
  • Language: the course is conducted in English
  • Venue: Chambre de Commerce, 7 rue Alcide de Gasperi, Luxembourg-Kirchberg (parking available at own expenses)
  • Length: 1 day
  • Registration fees: 540.00 € for ILA members/€ 650.00 for non member. The fees are excluding 3% VAT
  • Credit hours: 8 hours
  • Registration is available online on this page, please click on "registration form" in the upper right corner
Speakers - Moderators - Panelists
Frédéric GENET