Director ratings and due diligence

The NED is looking to launch a director ratings and due diligence service this spring. Prior to doing so it is inviting subscribers to provide their feedback on what is planned.

The due diligence service could include the following information on prospective independent directors: company ownership, regulatory sanctions, feedback from ex colleagues or other directors and court filings. In order to do this The NED may be teaming up with a firm that has this kind of investigative work in other parts of the financial industry.

The NED is also looking to start a rating system for directors, which it would launch alongside its due diligence service. It very likely to use a traffic light system for these ratings...

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