For SME’s and business who are embarking on growth, employing a non-executive director can be a positive step for business who want to draw on experience and share the development of a businesses.
Getting professional experience in business finance, establishing a brand, looking at the supply chain, staff training and planning for future growth, as well as the daily tasks of running a company can sometimes be a strain for business owners. Having someone to share information with and gain a new / outside perspective can create new ways of thinking, open-up new contacts and provide opportunity for companies to not only focus but also prepare for expansion.
A non-executive director acts as a level of support to business owners
A non-executive director can bring a fresh approach with lots of experience to a business based on their own experiences and especially if they have also owned a business. A non-executive director can offer support to business owners and can also be a mentor but without getting wrapped up in the daily office politics of a company. By just working for a couple of days per month for the company, non-exec directors can help to focus business owners and implement plans for the future, driving the business forward and accordingly taking it to the next level.
Is your company looking to grow in the next few years? Here at Crendon Insurance we provide a variety of commercial insurance policies to protect businesses and their directors through their expansion. Our commercial insurance policies cover many types of industry sectors across the UK, from manufacturing to service industries, online companies to retailers. To find out how we can help to support you and your business please contact our Directors and Officers insurance team, who will be happy to help discuss your requirements in a confidential approach.
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