Do I need the AICD course to be a NED?
The decision to pursue a Non-Executive Director (NED) role is often a natural progression for talented senior leaders with significant strategic, operational and business skills that lend themselves effectively to the process and delivery of good governance.
Directors should be capable of seeing company and business issues with a broad perspective and are often appointed because of their independence of the organisation, however they should understand that they have the same legal duties, responsibilities and potential liabilities as their executive counterparts.
This is critical for a potential NED to consider before accepting any appointment and they should ensure they undertake thorough due diligence which is essential to provide confidence, certainty and trust in the commitment they are making and obligations they are taking on.
This requires a thorough understanding of the landscape that the organisation is operating in and a deep dive into its functions, financials and viability is an effective operation before committing.
Organisations often seek out NEDs who are solution driven problem solvers to help them overcome challenges and complexities that impact their potential and growth towards success.