It empowers you to make a real difference in organisations, learn new skills, and expand your professional network.
Employers will look for certain skills and attributes when finding the ideal candidate for the role. In this article, we’ll dive into the key skills you’ll need to become a successful non-executive director, why these skills are crucial for an NED and how Awards Intelligence can help you achieve a high-level board appointment.
Responsibilities
A non-executive director is responsible for providing independent advice and guidance, and in some cases, challenging the board of directors. It’s also required that you participate in developing and overseeing the company’s strategy while ensuring the company complies with all relevant laws and regulations.
Very high expectations are placed on the board of directors as it is, but especially on non-executive directors due to the independence and objectivity that they are expected to bring to the table.
What makes an excellent NED?
Crucially, NEDs need to be comfortable with the financial aspects of the business, including balance sheets and key financial drivers. However, the role of a non-executive director asks for far more than just that. There are a range of soft and hard skills that must be applied to enable success in the role.
Tops skills you’ll need
During the hiring process, employers will be looking for evidence of an applied and demonstrable skill set. Being able to evidence these skills with examples, such as when discussing previous roles and responsibilities, will distinguish you from other candidates. Skills they’re likely to be looking for include:
Independent thought and objectivity
One of the most important aspects of being a non-executive director is their ability to remain objective and employ independent judgment during decision-making. Being able to provide unbiased insights into the organisation and challenge typical operations is invaluable for companies looking to remain competitive.
Remaining steadfast in your viewpoints on the best course of action for the organisation, without being influenced by your peers, or personal and external interests is essential.
Strategic vision
Applying your thoughts and decisions based on a business’s long-term strategy will be necessary for anyone in a non-executive director role.
As an NED, you will be shaping the company’s vision, and therefore a strategic mindset is valuable in helping your organisation set achievable goals and that future operations align with these objectives.
Industry knowledge
Keeping up to date with emerging industry trends, new technologies and other advancements in the business landscape is essential for an NED.
Your ability to bring diverse experience and expertise to the boardroom, as well as a comprehensive understanding of the industry your organisation operates, will ensure that you can provide valuable insight and guidance to important short and long-term decision-making.
Effective communication
Essential across all responsibilities within your role as an NED is effective communication, exhibited through asking relevant questions, actively listening and being able to eloquently articulate your ideas will ensure your success.
Part of your role will be to facilitate constructive dialogue about critical issues and business decisions within the board and with key stakeholders.
Ethical and responsible behaviour
As a non-executive director, you will be expected to uphold high ethical standards and enact principles of integrity, and transparency for the success of the organisation. Ensuring compliance within the organisation you’re working in is critical, ensuring that they uphold and adhere to regulations and laws.
Making a difference
The career path to becoming a non-executive director (NED) can be challenging, but it is also incredibly rewarding. This role is an excellent fit for those who have a spectrum of experience and are seeking an opportunity to make a significant and strategic contribution to a company, supporting seamless operations while elevating their skillset.
Become an NED with Awards Intelligence
Awards Intelligence can help you apply for a non-executive directorship, supporting you throughout the application process to ensure that you have the best chance possible of securing this role. We will write your application, ensure that it is appropriately positioned for the role in hand, as well as supporting you in preparing you for the interview.
Doing most of the heavy lifting, Awards Intelligence will carefully craft a persuasive application, specifically tailored to you and your desired role.
Contact us to unlock your true potential with our services today.