The tread title reminds me of an old joke: What's the difference between a shopping trolley and a non-executive director? A shopping trolley has a mind of its own but you can get more food and drink in the non-exec.
i think you would describe it as purely a titular role ...a figurehead/spokesperson
rather than someone who actually does any work day to day ...may attend board meetings ....may be paid a retainer, may show up a lot at agms and reassure shareholders/supporters that everything is in safe hands
Banks used to like giving titles like this to failed tory politicians
I will throw out this though, I think the fact RM is in a non executive role is a plus but not for any reasons said on here thus far
I think its a positive as he can add his knowledge but no longer have a casting vote in decision making , imo it was time for a complete change in that area
what I would like to see is people like Dave White back in the fold somewhere (sorry if that embarrasses you DW)
I will throw out this though, I think the fact RM is in a non executive role is a plus but not for any reasons said on here thus far
I think its a positive as he can add his knowledge but no longer have a casting vote in decision making , imo it was time for a complete change in that area
what I would like to see is people like Dave White back in the fold somewhere (sorry if that embarrasses you DW)
In a private company a non-executive director is appointed by the majority shareholder to keep an eye on the board. You don't want someone to be involved in decisions that need to be scrutinised so he is not involved in day to day business decisions. Certain decisions might need approval of the board and the non-executive director will often have special voting powers reserved to him, so giving protection to the owner. The directors know his views carry weight because he is speaking on behalf of the owner and might also be chairman of board meetings with a casting vote. In public companies it is a gravy train for members of the old boys club and it might be just a figure head, but in a private company with one owner and an investment to protect it is a serious job carrying responsibility for protecting the shareholder's interests. If he can also protect the club's interests you have the perfect jobholder.
In a private company a non-executive director is appointed by the majority shareholder to keep an eye on the board. You don't want someone to be involved in decisions that need to be scrutinised so he is not involved in day to day business decisions. Certain decisions might need approval of the board and the non-executive director will often have special voting powers reserved to him, so giving protection to the owner. The directors know his views carry weight because he is speaking on behalf of the owner and might also be chairman of board meetings with a casting vote. In public companies it is a gravy train for members of the old boys club and it might be just a figure head, but in a private company with one owner and an investment to protect it is a serious job carrying responsibility for protecting the shareholder's interests. If he can also protect the club's interests you have the perfect jobholder.
So Murray takes on Slater's true role (not the pretend owner guff) :-)
In a private company a non-executive director is appointed by the majority shareholder to keep an eye on the board. You don't want someone to be involved in decisions that need to be scrutinised so he is not involved in day to day business decisions. Certain decisions might need approval of the board and the non-executive director will often have special voting powers reserved to him, so giving protection to the owner. The directors know his views carry weight because he is speaking on behalf of the owner and might also be chairman of board meetings with a casting vote. In public companies it is a gravy train for members of the old boys club and it might be just a figure head, but in a private company with one owner and an investment to protect it is a serious job carrying responsibility for protecting the shareholder's interests. If he can also protect the club's interests you have the perfect jobholder.
So Murray takes on Slater's true role (not the pretend owner guff) :-)
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Having a tear up with tango man in the west stand car park is one thing, but can't see minty rolling around the floor with the Spanish police.
Indeed, very nicely too in some instances. £64k a year for working every Thursday morning (not in August obviously!) together with a bit of background reading isn't too shoddy is it?
My dad was once a non-executive chairman. He seemed to go to a meeting every now and then, but basically it was a way of sidelining him. That was probably fair enough, because when he was proper chairman he would do the crossword then come home.
Murray's role as non-executive Chairman will be one offering advice to the executive management team. The most important position at the club, however, will be the new CEO. This person will run the club on a day to day basis & will be responsible to Duchatelet for implementing the business plan & steering the club forward in a positive manner. This role has been sadly missing at Charlton since the premature dismissal of Varney & Kavanagh. The club appears to have been running in a vacuum of power for the last 18 months & this needs to be corrected quickly.
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If the new guy was a Vincent Tan type of owner then Murray would surely have been binned at the first opportunity.
Not so easy to "bin" in that circumstance.
rather than someone who actually does any work day to day ...may attend board meetings ....may be paid a retainer, may show up a lot at agms and reassure shareholders/supporters that everything is in safe hands
Banks used to like giving titles like this to failed tory politicians
I think its a positive as he can add his knowledge but no longer have a casting vote in decision making , imo it was time for a complete change in that area
what I would like to see is people like Dave White back in the fold somewhere (sorry if that embarrasses you DW)
In public companies it is a gravy train for members of the old boys club and it might be just a figure head, but in a private company with one owner and an investment to protect it is a serious job carrying responsibility for protecting the shareholder's interests. If he can also protect the club's interests you have the perfect jobholder.
Having a tear up with tango man in the west stand car park is one thing, but can't see minty rolling around the floor with the Spanish police.
theguardian.com/business/2013/mar/04/non-executive-ftse-pay-rises://