Virtual Non-Executive Director
The benefits of Non-Executive Directors are well understood by successful business owners. They bring an independent view and additional experience that enable better decisions to be made by the management team. A Virtual Non-Executive Director (VNED) offers Managing Directors and business owners the same independent view and advice without the complexity of shareholdings, appointing legal directors and director’s service agreements.
Every company is different and yet there are many similar and transferable aspects from other industries and markets. Our experts are able to utilise their wide experience and contacts to support companies to achieve their strategic objectives. Sometimes difficult decisions are required to deal with business problems and the VNED can act as a sounding board to provide guidance and help the decision making process.
How does it work?
The optimal Virtual Non-Executive Director approach varies with the needs of a business and the “personality” of its MD and management team. Our experts are adept at engaging with companies to strike a balanced approach between coaching, practical advice, strategic input and holding the management to account where appropriate. Prior to engagement, we offer a confidential, no obligation, no holds barred discussion to establish what is actually needed and to establish priorities. A flexible approach is adopted to accommodate the practical time constraints of running a business, the need to react to short term opportunities or threats, planning for growth, the changing needs of the business and potentially planning for exit.
Businesses need to get things done but don’t always have access to the in house skills required for projects or specialist activity. If appropriate, our business experts can introduce resources from their network that can jump start new requirements.
What does it cost?
The VNED service is charged on a monthly retainer basis with no long term commitment and no surprises. The service is designed to deliver ongoing value to the MD and the company. The monthly cost depends on the level of engagement agreed and will be tailored to your needs.
Contact Gordon Carmichael on 01276 818125 or firstname.lastname@example.org to discuss how the Virtual Non-Executive Director service can benefit your business.
Gordon Carmichael is an experienced business advisor and strategy consultant who works with business owners and directors that are serious about achieving more with their business. He has managed successful businesses from small to £250m in a number of different industries and brings independent thinking with no baggage or vested interests. He is financially literate, he understands modern marketing, people dynamics, the benefits of technology, effective business planning and business operations.