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Can you relate to these business issues? The Board needs to be strengthened and could benefit from outside and
dispassionate objectivity.
Senior management would benefit from an independent sounding board.
Growth is stifled due to the lack of a particular skill.
The company needs to maximise shareholder value.
The company needs to review its business strategy.
The business needs introductions to new target companies or market sectors.
The company needs more credibility with prospective customers, suppliers and
funders.
There are potential conflicts between shareholders and management.
Yes? Then you could benefit from a Non-Executive Director.How can NEDs help you?
Challenging and contributing to strategy development.
Monitoring goals and objectives with an independent assessment.
Ensuring financial information, controls and systems are effective.
Determining remuneration levels of directors, succession planning and other
people related activities.
Skills which are complementary to existing management.
Specialist knowledge at critical stages of growth.
Particular sector knowledge contacts.
The Non-Exec Direct Service
The benefits of using Catapult's Non-Exec Direct Service
Non-Exec Direct is a way for Small and Medium Sized Enterprises (SMEs) to gain
access to a pool of experienced NEDs.
Catapult's database of NEDs includes Managing Directors/Chief Executive
Officers/Finance Directors of businesses both large and small, covering a variety
of sectors.
This service is available to companies of all sizes, whether or not they require
venture capital funding.
If you feel your company could benefit from the addition of a Non Executive Director, then please email your requirements to ned@catapult-ned.co.uk
What does it cost?
The
cost of an NED will depend on a number of factors including the
experience of the NED, the amount of time the NED will commit to the
business, the role of the NED etc. Typically, for a NED spending 2 days
a month on company business, the cost would be in the range of £10k -
£15k. In some situations it will also be appropriate to offer a NED the
opportunity to acquire a small shareholding in the company.
Catapult Non-Exec Direct Fees
Fees depend upon the role being undertaken by the NED. However, they
are typically calculated as a percentage of the remuneration agreed
with the NED. There is usually no fee if the appointment is being made
as part of an investment being made by funds managed by Catapult
Venture Managers Limited.
Interested in becoming a Non-Executive Director?
What are the opportunities for Non-Executive Directorships being offered by Catapult?Catapult Venture Managers Limited has £30m funds under management and
anticipates introducing NEDs to companies at the rate of roughly one
per week in the coming year. Catapult believes strongly in the benefits
of NEDs and insists on making at least one appointment in nearly every
investment it makes.
In
view of it's experience in making NED appointments, Catapult decided to
establish Catapult Non Exec Direct, and to make a pool of experienced
NEDs available to all companies seeking to make an NED appointment, not
just those where Catapult is making an investment. This service is
marketed directly to SMEs, to other venture capital companies, and to
professional advisers and intermediaries who understand the need and
benefits of NED appointments.
Who should apply?
We expect our NEDs to have:-
been a successful Chairman, Managing Director or Financial Director.
a degree of financial independence.
a willingness to get involved with SMEs.
the desire to shape and develop what is often a young management team.
integrity and high ethical standards.
sound judgement.
the ability and willingness to challenge and probe.
strong personal skills.
The benefits for Non-Executive DirectorsThe benefits for NEDs include:-
involvement in businesses with high growth potential.
fee income appropriate to the size of the business.
satisfaction and enhancement of individual experience.
a successful and fulfilling relationship with investors and other stakeholders.
potential for an equity investment.
How to apply?If you meet the above criteria and are interested in being included on our database of Non-Executive Directors, then Catapult would like to hear from you.
Please email your current CV to ned@catapult-ned.co.uk
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