Non-executive directors are not just for the big corporates. Louise Druce looks at the benefits for small businesses.
It used to be that you'd only find non-executive directors stalking the corridors of the larger or public organisations, where a big name could give the business some real kudos and clout. But do SMEs really need to go to such extremes?
Certainly, they were less inclined at the turn of the millennium, when you were only likely to need the services of a non-executive director (NED) as a deal-breaker to get financial backing from a venture capital firm.
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