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NED conflict?

Can an NED have a separate consulting contract?

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Privately owned Limited company. CEO looking to appoint an NED on a day rate with stock option for the traditional NED role eg strategic advisory etc

In addition the NED will contract to consult on moving forward a potential acquisition deal and look for additional partners should this proposal fall through.

Is this a conflict or normal practice?

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By paul.benny
09th Jul 2020 08:07

I don't see any conflict of interest unless the NED is in any way connected to the acquisition targets or funders.

Not sure of the point of share options, though, unless they're linked to exit or similar.

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