The iNED Primer for Insurance Non-Executive Directors in the UK
The iNED Primer for Insurance Non-Executive Directors in the UK
Today’s regulatory bodies in the UK financial services sector place considerable and increasing demands and expectations on Non-Executive Directors (NEDs).
Codes of corporate governance, regulations, rule-books and best practice manuals abound, but few exist in one place to offer aspiring or new insurance Non-Executive Directors (iNEDs) information that will readily help them to fulfil their onerous duties.
The Worshipful Company of Insurers has addressed this issue by creating a comprehensive iNED Primer, specifically designed for aspiring and new iNEDs as well as existing Non-Executive Directors across the UK insurance industry.
It places great emphasis on providing practical help to iNEDs by adopting a Question and Answer approach.
The iNED Primer draws attention to the key requirements of a NED and begins with an understanding of the role. It then asks a series of questions that are relevant “before joining a Board of Directors”.
The iNED Primer concentrates on a range of responsibilities “during their time as a NED”.
It also addresses some of the problems that might arise “after the NED has been appointed”.
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