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Who Chairs your RemCo? Is there a conflict?

27th October 2017 2 Comments

A FTSE250 Group Secretary writes...

Do other companies have a NED who is a practicing HR director elsewhere who sit as Chairman of their Remuneration Committee?

We have such a NED and they are also mentoring/working with our own HR Director in developing internal processes/systems.

Does anyone have a view as to whether this might cause a personal conflict for the NED in discharging their duties as they are essentially wearing two hats?

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Comments

  1. FTSE SMALL CAP said

    27th October 2017 at 4:46 pm

    When it comes to NEDs I think there’s a fine line sometimes between “useful expertise/experience” and “interfering with executive roles/conflict”. But I would say this falls the right side of that line, and is a good thing (provided the NED is not interfering with any executive functions, or getting too “close” to the head of HR so as to affect their independent approach)

    • FTSE250 said

      27th October 2017 at 1:35 pm

      I don’t think so as long as he/she doesn’t undertake an executive role. The mentoring aspect of it is quite useful I think. In our case, we have a NED who has tremendous past/recent experience in executive roles and she certainly works very closely with the HR Director and provides plenty of advice. I don’t think it creates a conflict but it does generate a lot of work for the HR Director!

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