What is the primary role of non-executive directors?

The primary role of non-executive directors is focused on guiding the strategic direction of the company through policy-making and planning exercises. Non-executive directors bring their expertise and independent judgement to the board, helping to shape long-term strategies and ensuring that the management's decisions align with the best interests of shareholders and stakeholders.

Their involvement in policy-making helps create frameworks within which the company operates, providing oversight without getting involved in daily operations, which is typically the domain of executive directors and management. Non-executive directors also support governance by challenging management decisions and providing a fresh perspective that enhances organizational performance.

While compliance oversight and financial audits are important aspects of corporate governance, they represent just part of the broader role that non-executive directors play within the context of shaping strategy and enhancing the overall governance framework of the organization. Their primary concern remains how the company is directed and controlled, ensuring that the right policies and strategies are followed.