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what exactly do our non-executive directors do?

Discussion in 'Celtic Chat' started by alsybhoy, Jun 10, 2009.

Discuss what exactly do our non-executive directors do? in the Celtic Chat area at TalkCeltic.net.

  1. alsybhoy

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    i have noticed we have 6 of them guys!

    so what do the exactly do at celtic?



    [edit] Board of Directors

    <TABLE class=wikitable><TBODY><TR><TH>Position</TH><TH>Name</TH></TR><TR><TD>Chairman</TD><TD>John Reid</TD></TR><TR><TD>Chief Executive</TD><TD>Peter Lawwell</TD></TR><TR><TD>Director of Finance</TD><TD>Eric J. Riley</TD></TR><TR><TD>Non-Executive Director</TD><TD>Ian Livingston</TD></TR><TR><TD>Non-Executive Director</TD><TD>Dermot Desmond</TD></TR><TR><TD>Non-Executive Director</TD><TD>Eric Hagman</TD></TR><TR><TD>Non-Executive Director</TD><TD>Thomas E. Allison</TD></TR><TR><TD>Non-Executive Director</TD><TD>Brian McBride<SUP class=reference id=cite_ref-20>[21]</SUP></TD></TR><TR><TD>Non-Executive Director</TD><TD>Brian Wilson</TD></TR><TR><TD>Commercial Director</TD><TD>Adrian Filby</TD></TR><TR><TD>Director of International Developments</TD><TD>Jason Hughes</TD></TR></TBODY></TABLE>

    ????????????????????????????
     
    alsybhoy, Jun 10, 2009
    #1

  2. Rosleabhoy

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    well DD is the largest shareholder....for starters..
     
    Rosleabhoy, Jun 10, 2009
    #2

  3. alsybhoy

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    yip i know that mate:50:
     
    alsybhoy, Jun 10, 2009
    #3

  4. Rosleabhoy

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    I would suggest they advise on the way forward for celtic. They are all successful people.
     
    Rosleabhoy, Jun 10, 2009
    #4

  5. jhimbhoab

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    dont they.... non executively direct !
     
    jhimbhoab, Jun 10, 2009
    #5

  6. alsybhoy

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    that sounds ok!
     
    alsybhoy, Jun 10, 2009
    #6

  7. DanniGhirl

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    Non-executive directors are appointed for a variety of reasons, the most common of which are because of the funds they have invested (DD) or because of the skills they have/access to markets/connections etc.

    They are not involved in the day to day running of the business but it means that the executive directors are held accountable to a wider variety of people.
     
    DanniGhirl, Jun 10, 2009
    #7

  8. alsybhoy

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    let the people sing,ynwa,sean south,on the one road
    :50:
     
    alsybhoy, Jun 10, 2009
    #8

  9. wulliebad

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    A few eyes watching those at the very top aint no bad thing imo.
    Can any of them score goals....:icon_mrgreen:
     
    wulliebad, Jun 10, 2009
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  10. fjg

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    Under corporate governance rules all public companies must have non-exec directors to ensure the company is run in the best interests of the shareholders. Otherwise the directors could do what they wanted unopposed. As has been mentioned, while they are not actively involved in the day-to-day running of the company they will be involved in things like the remmuneration committee, where they decide on the pay for the exec directors, and the nominations and audit committees. An individual can only remain as a non-exec directors for a specific period of time before their independence is seen to be compromised.
     
    fjg, Jun 11, 2009
    #10