DTI plans to examine non-exec directors’ roles

The
DTI has announced plans to examine the role of non-executive directors in
relation to auditing and financial reporting.

Trade
and Industry secretary Patricia Hewitt said two separate reviews will be
undertaken.

She
said the move aims to:

–
Ensure companies can fulfil their potential and improve productivity

–
Strengthen the UK’s framework for how companies operate

–
Encourage greater transparency.

She
said: "Non-executive directors play a key role in British companies by
helping to drive up performance. It is in all of our interests that they do
their job as effectivily as possible.

"We
need stronger, more independent and more active non-executives drawn from a
wider pool of talent to play their part in raising productivity."

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

www.dti.gov.uk

By Quentin Reade