THE greatest challenge facing non-executive directors is regulation, according to a survey of more than a hundred board members from FTSE 350 firms.
When polled on the most common tests they face, the majority of non-execs cited regulatory requirements as both their biggest challenge and the one that most hinders their role, with a greater time-commitment required as a result.
The report, carried out by PricewaterhouseCoopers, also showed that non-execs are concerned about matching shareholder expectations on remuneration. Over half of respondents said that shareholder committees were too concerned with “box-ticking”, and that their expectations were overly shaped by the media.
Despite the negative responses, 63 per cent of non-execs polled said their role was becoming more attractive, and that fee levels were back at 2008 standards.