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Industry suffering shortfall of non-executive directors - data reveals

2nd Mar 2016 - 07:57
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Abstract
The hospitality sector is suffering from a shortage in senior candidates, according to new data released by online recruitment platform, NonExecutiveDirectors.

Despite people in the sector having the skills, talent and experience to offer boards, currently not one of its 6,000 strong database actively looking for roles are classed as working or having had worked in hospitality.

A non-executive director is a member of the board of directors who does not form part of the executive management team and are not employees of the company or affiliated with it. They act in an advisory capacity only.

Matthew Roberts, CEO of NonExecutiveDirectors, said: “We want more people from this sector to sign up.  Perhaps they think they don’t have the skills required for a non-executive director, but being on a board is very much about the behaviours and attributes they display like confidence, self-control and the ability to challenge or support.”

According to the platform’s database, the average NED is a 57 year old male based in the south east of England, with 14 years’ experience as an executive.

The areas from which there are the highest number of candidates putting themselves forward for NED roles are publishing and media (19%), charity/not for profit (13%), greentech/cleantech (13%) and the NonExecutiveDirectors.com platform has a split of private (26%), public (46%) and charity (28%) sector breakdown.

From 4819 male and 1065 female members – a mere 18% are women, despite the fact that boards would benefit hugely from their ability to bring different perspectives.

Roberts added: “We want to explode the myth that boards should look this way – they should have a diverse range of people on them from a variety of sectors, age groups, life experiences etc.

“The gist of the feedback we’ve been given is that females still have a perception of ‘cronyism’ and boardroom politics at this level, and that many intermediaries helping find non-exec positions are also male, which they can find off-putting.  An online platform, helping to cut out the middle man, can help eradicate this and provide a space in which females feel comfortable to apply.  It will go some way to helping to level out these discrepancies.”

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Written by
PSC Team