NED lunch - Boardroom Finance (before the interview) - MEMBERS ONLY
Sep 26, 2018 – 12:00 pm , Karmarama
For our first WACL NED lunch this year we have decided to return to the popular topic of the Boardroom Finance but this time with a focus on those things we really do want to reassure ourselves on before we go to our first interview; namely the financial viability of those organisations whom we might seek to join as NED’s. With the help of our very own Sharon Baylay - NED at Ted Baker plc, ITE plc and Restore plc - we are going to open up that Pandora’s Box of tricks, otherwise known as the Report and Accounts, to help us make sense of the delights it holds and how best to access the information therein to help us in our decision making.
To help make this as engaging, interesting and simple as possible Sharon is going to help us answer what we think are the “Top 10” questions we might have and we have put a few examples of these below. For those of you who have either recently gone through this process, are engaging in it now or are hoping to Sharon is also very happy to take direct feedback on what questions you would like us to include or try to cover before the event, and she will endeavour to incorporate those as much as possible. Please just send her a note with your Top 10 question: firstname.lastname@example.org.
Top 10 Questions - examples
1. Are they making money, or losing it?
2. Are they making money profitably and ethically?
3. Are they growing?
4. Are they investing in the business, and if they so, are they doing so wisely?
5. Are they a going concern?
6. Do their shareholders love them or loathe them? And/or alternatively ... if you had £50,000 to invest would you invest it in them, if not, why not and should you worry about working there?
7. Are their bankers happy with them, or do they need some new ones and why?
8. Do their suppliers love them or loathe them and how can you tell?
9. Are they an ethical company, how can you check that out?
10. Last, but not least, where do you find the “watch-out’s?” Those little hidden things in the small print that sometimes have an interesting story to tell or a question you should ask!