What role do non-executive directors play in a company?

Non-executive directors play a crucial role in a company primarily by contributing to policy-making and strategic planning. They provide an independent perspective, bringing expertise and experience that can help shape the direction of the company. Their involvement in these high-level discussions allows them to participate in setting the overall strategy and objectives of the business, ensuring that the interests of shareholders and stakeholders are considered during the decision-making process.

While they do not directly manage day-to-day operations, this independence from the company's management allows them to challenge decisions and policies from a different viewpoint, which can enhance governance and accountability. This strategic advisory role is part of maintaining a balance in governance, ensuring that the company is run in the best interests of its shareholders while adhering to legal and regulatory requirements.