Consultation update

The following is updated information on the the industry consultation that The NED is undertaking this summer on its plans for independent director certification. The consultation goes on until the end of August so there is still plenty of time to get involved. We welcome feedback from all our subscribers.

As mentioned in last month’s issue The NED is looking to introduce a Director Capability Rating (DCR), which we suggest should be based on a traffic light system.

The NED is considering how directors with a Green DCR, as outlined below, could be commended for this certification. It is in discussions with Castle Hall Diligence on this project, who would support the rating by completing Reputational Due Diligence (‘RDD’) on each certified director.

To read more on this story see the July issue of The NED.