In May 2009, the Institute of Chartered Accountants of Scotland published a guidance paper dealing with the role and responsibilities of non-executive directors of private companies.

The guide is intended to help identify:

  • whether a private company would benefit from appointing non-executive directors
  • the expectations that a board and its shareholders may have of a non-executive director
  • the support and information that may be expected from the company management so that the non-executive director can fulfil his or her remit
  • the duties and responsibilities of individual directors
  • potential risks to each director.

View the ICAS guidance paper (23 page pdf)