To members
of the Institute, the Board Appointment
Service is a service introducing members
to companies for appointment as
non-executive directors, through
maintaining a voluntary "Members'
Register For Non-Executive Director
Appointments".
Prior to the service, a requesting
company is required to sign a
Company Undertaking Document to
acknowledge the ex-gratia service of
the Institute being provided as a
service to its members. Requirement
of the company is defined via a
simple Questionnaire on Company
Specification for NED.
The
Institute provides members and
requesting companies with this
service free of charge. But in order
to further the Institute's mission
of promoting good corporate
governance, the Institute will be
grateful for a donation of a
discretionary amount from the
requesting company for this purpose,
unconditional on any appointment
resulted from the introduction by
the Institute.
Based on the Questionnaire completed
by a requesting company, the
Institute approaches members in the
Register with matched profiles to
seek their consent to be introduced.
Members consenting are required to
sign a
Member Undertaking Document
to acknowledge the ex-gratia service
of the Institute being provided as a
service to its members and are
requested to update their profiles
in the Register, if necessary.
A
list is then forwarded to the
requesting company together with the
personal profiles of the respective
members from the Register.
The
requesting company is free to
approach the members introduced.
Both the appointing and appointed
parties acknowledge that they are
solely responsible for their
respective analysis, negotiation and
decision and hold the Institute free
from liability whatsoever.
