The non-executive director in a family owned business

United Kingdom | Thursday 01 Mar 2018

£575 + VAT

Speakers:

  • Paul Drechsler

    Paul Drechsler

    Bibby Line Group Limited

  • Elizabeth Rudd

    Elizabeth Rudd

    Berry Bros & Rudd

  • Richard Emerton

    Richard Emerton

    Korn Ferry

In partnership with
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Overview

Two thirds of UK businesses are family owned - 4.7 million in total, of which over 17,000 are medium and large businesses. They generate over a quarter of UK GDP. In 2015, the family business sector paid £133 billion in tax, 20% of UK government revenues. Family firms employ almost 12.2 million people in the UK – 47% of private sector employment.

Both family and non-family staff report a greater sense of loyalty to family businesses. They also tend to be more committed to the success of the business and are more passionate about what the business stands for.

But there can also be challenges. Everyone knows about the importance of good boardroom dynamics in running a successful business, when you add in the complications of working with blood relatives and the associated family dynamics, that can present its own issues.

That’s why the role of non-executive directors (non-execs) is so important on family boards – whether they are family members or non-family members.

This event, jointly produced by the FT Non-Executive Directors’ Club and the Institute for Family Business, is specifically designed to help non-execs currently sitting on family boards to be more effective in their role. It also looks at the difficult issue of how to recruit and induct good non-execs who will add real value to the board.

It will also be valuable to executive directors sitting on family boards to help them to fully understand what they can get out of their non-execs and how to interact with them most productively.

Benefits

  • Understand the purpose of being a non-exec in a family business
  • Understand the duties associated with the role
  • Become more familiar with the softer skills needed to be an effective non-exec
  • Gain insight into the relationship between family and non-family members
  • Understand the interaction between executive and non-executive board members
  • Discuss issues around successful recruitment with some leading experts and experienced non-executive directors

Content

  • What is the role of a non-executive director?
  • What do family businesses gain from having non-execs?
  • What are the common concerns amongst family members of having non-family non-execs and how to mitigate them?
  • What can non-execs do to help to develop an effective strategy?
  • Board culture and behaviour
  • How to develop a strategy for recruitment
  • What does a good induction programme look like?
  • What to look for in both family and non-family non-execs

Speakers

  • Paul Drechsler

    Paul Drechsler

    CBE, Chairman
    Bibby Line Group Limited

    See bio
  • Elizabeth Rudd

    Elizabeth Rudd

    Incoming Chairman
    Berry Bros & Rudd

    See bio
  • Richard Emerton

    Richard Emerton

    Senior Client Partner, Managing Partner, Board & CEO Services, EMEA
    Korn Ferry

    See bio
  • Steve Playford

    Steve Playford

    Global Director
    FT Career Management

    See bio

Venue

  • The Financial Times

    The Financial Times
    1 Southwark Bridge
    London
    SE1 9HL

Contact us

FT NED Administrator (UK)
Administrative and booking enquiries
FT Non-Executive Directors' Club