Enter the Boardroom with Nurole 28. Jeremy Asher - Good Governance on a Shoestring
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Apr 25, 2023 Jeremy Asher, an experienced AIM chair and CEO in the energy sector, dives into the nuances of governance for small-cap firms. He emphasizes the importance of transparency and discusses the complexities of combining the roles of Chair and CEO. Asher shares insights on managing underperforming chairs, and the need for frequent, engaging board meetings. He also addresses the impact of narcissistic CEOs and the vital role of honest communication in board dynamics. Expect a blend of pragmatism and wit as Asher offers essential lessons for non-executives and aspiring board members.
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Governance Scaled Not Sacrificed
- AIM companies can follow FTSE governance principles but adapt them to fit smaller scale and budgets.
- Good governance equals the same values, not the same headcount or expense, says Jeremy Asher.
Meet Often And Keep It Short
- Hold frequent, shorter board interactions and speak outside formal meetings to keep directors informed in real time.
- Use regular informal engagement so the board can shape ideas while they are still flexible.
Outsource To Access Specialist Talent
- Small companies must outsource specialist roles to access top talent without permanent hires.
- Strategic outsourcing gives first-class expertise without the cost of full-time staff, Jeremy Asher explains.
