(b) (i) Non-executive directors do not usually have a full-time relationship with the company; they are not employees and only receive directors’ fees. The role of the non-executive directors, at least in theory, is to bring outside experience and expertise to the board of directors. They are also expected to exert a measure of control over the executive directors to ensure that the latter do not run the company in their, rather than the company’s, best interests.
It is important to note that there is no distinction in law between executive and non-executive directors and the latter are subject to the same controls and potential liabilities as are the former. |
