directors have been bombarded with a raft of reports,
recommendations, guidelines and legislation over the last 12
months. Accounting scandals, economic
uncertainty and controversy over remuneration packages have forced
companies to focus on the role and effectiveness of the
In April and
May 2003, CMS Cameron McKenna and the IoD surveyed over 200 UK
executive and non-executive directors (27 per
cent from FTSE350 companies) to find out how they spend their
time, what concerns them and what they think about their
roles. They were also asked to comment on levels
of remuneration and the implications of recent reports affecting
corporate governance and proposed reforms for non-executive
directors and audit committees.
reveal that directors take their responsibilities seriously and are
not just concerned with their own rewards. They
acknowledge and accept their liabilities and admit that they need
more information on a range of legal issues.
They also show that further steps need to be taken by companies and
institutional shareholders alike before compliance with recent
recommendations on corporate governance is achieved.
Click here to
access our new Directors' Toolkit, which includes the
survey report and full results.
on directors' duties, rights and liabilities or any other boardroom
issue, please contact Sandra Rafferty (Corporate Partner) at
firstname.lastname@example.org or on +44 (0)20 7367 2804
or Peter Bateman (Professional Support Lawyer) at email@example.com or on +44 (0)20 7367