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What the NEDs did for us The benefits non-executive directors bring to Mercator Media Ltd

What the NEDs did for us The benefits non-executive directors bring to Mercator Media Ltd. Mercator Media Ltd is… The growth of MML - timeline How the MD got his Board Why EDs need NEDs Why MML needs NEDs – case studies. Mercator Media Ltd is… .

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What the NEDs did for us The benefits non-executive directors bring to Mercator Media Ltd

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  1. What the NEDs did for usThe benefits non-executive directors bring to Mercator Media Ltd • Mercator Media Ltd is… • The growth of MML - timeline • How the MD got his Board • Why EDs need NEDs • Why MML needs NEDs – case studies

  2. Mercator Media Ltd is… • A niche B2B publishing company that owns magazines, events and websites. • The largest independent publisher in the commercial marine sector • Based in Fareham, employing 40+, with annual turnover £4m • Registered in England. Company No: 2427909 • www.mercatormedia.com

  3. Timeline - the growth of MML

  4. How the MD got his Board • Recognised the need to share to grow • Appointed Leslie as mentor to MD and Chair of Strategy Review meetings • Four executives invited to SR, which became BoD in Dec 2006 • Appointed part time FD • Exec drop outs – to be expected • Growing number of Critical Friends

  5. Why EDs need NEDs • Operational • Internal focus • Compare with past events Day to day -Shorter term • Devil in the detail • Management issues • Meeting room etiquette • Strategic • External outlook • Forward thinking • Longer term plans • Joined up overview • Director dilemmas • Boardroom discipline SHIFT CHANGE: EDs must adjust personal performance to act effectively at Board level

  6. Why MML needs NEDs - Case studies Prequalified access to financeBoD inc NED = 25% prequalified Independent point of arbitration Chair avoids need for tribunal. Right of appeal requires independent adjudication. Process handled per ACAS guidelines

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