The legal liabilities of a NXD and how to navigate and manage risk

Calendar
Thursday 18 March 2021
Clock
17:00–19:00
Price
£90
Price
20% discount when booking all 4 sessions
Microphone
Walter Clark, Corporate Partner, Burness Paull and Bill McCall, Principal, McCall & Partners

Overview

This session will cover what a NXD should know about their legal responsibilities and liabilities. It will focus on exemplary relevant legal cases in Scotland/UK of which NXDs should be aware. As responsibilities of NXDs have become more onerous, and successful claims against them have been made, it is important that NXDs are aware of these issues to protect the companies whose boards they are on as well as themselves.

In particular, it is increasingly important that NXDs satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible. But how can they ensure they are aware of and comfortable with these from their non-executive standpoint? What questions should they be asking, of whom and how can they confirm that there is adequate risk management in place?


About the Programme

In recent years Non-Executive Directors (NXDs) have become the subject of increased scrutiny and analysis leading to higher levels of responsibility and accountability, which in turn has required them to have more knowledge and experience. The global pandemic has added a level of complexity that has seen Boards grappling with unforeseen challenges on an unprecedented scale. This has forced many NXDs to face crisis situations while also searching out new opportunities as they try to survive.

The 2021 Programme will address these issues and help NXDs bring value to their Boards in these constantly changing and uncertain times. As usual, the programme is highly practical, led by experienced Chairs and NXDs, focusing on the key issues every NXD should be aware of. It also caters for those interested in all types and sizes of organisation: listed, private, entrepreneurial, SMEs, public sector and not-for-profit. Each session will again be interactive and include group activities and case studies addressing real events, together with plenary Q&A and discussion.

These sessions have been designed to allow time for interaction and active learning in each area. While each session has a main topic, the discussions and questions will be wide-ranging.


Additional Sessions