Saturday 4 July 2009

The Buck Stops ..?

Dinner last night with a Distinguished Person, until recently a non-exec of a la-arge British bank.

ND: Remarkable how everyone seems to get swept along in the enthusiasm when things are booming, with little regard for due diligence or even common sense ...

DP: Well, everyone's under considerable pressure to say 'yes', everyone's got an interest in approving things.

ND: Isn't this where, err *delicately* the non-execs come in ?

DP: No, it can only be the Chairman, everyone else has a vested interest.

* * * * *
Aah. I see.

ND


3 comments:

CityUnslicker said...

so er, what is the purpose of NED's?

Fig-leaves only....

Steve Hemingway said...

As Ken Morrison once said, a NED is less use than a supermarket trolley with a wonky wheel - at least the trolley as a mind of its own!

Anonymous said...

Here is the simple way to know about how to get more followers on instagram, these website has very few and simple steps for getting free instagram followers. Visit today to now more.