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Non-Executive Director Letter of Appointment

KShs 1,700.00

A Non-Executive Director Letter of Appointment is a formal legal document used by companies to officially appoint an individual to the position of a Non-Executive Director (NED). This letter outlines the terms and conditions of the appointment, including the director’s roles, responsibilities, and remuneration. Unlike executive directors, NEDs are not involved in the day-to-day operations of the company but provide independent oversight and strategic guidance.

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The document typically includes details such as the duration of the appointment, the expected time commitment, and any specific duties or committee memberships. It also covers confidentiality obligations, conflict of interest policies, and the process for termination of the appointment. Additionally, the letter may outline the NED’s compensation, which could include fees, expenses, and any other benefits.
The appointment letter serves to clarify the expectations and legal obligations of the NED, ensuring both parties are aware of their rights and responsibilities. It is usually signed by the company’s CEO or another authorized representative and the appointed NED, often in the presence of a witness. This document is crucial for maintaining transparency and accountability within the company’s governance structure.

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