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…

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

Timeline - the growth of MML

Year Staff ED NED Mag Event Web T/O£ pa

1989 3 1 0 2 0 0 0.2m

1993 6 1 0 2 0 0 0.4m

1996 10 1 0 2 1 1 0.6m

2003 15 1 0 4 1 5 2.0m

2006 30 4 1 6 5 11 2.5m

2009 45 3 1 6 7 11 4.5m

2012 55 4 4 8 9 15 10.0m

How the MD got his Board

1.Recognised the need to share to grow

2.Appointed Leslie as mentor to MD andChair of Strategy Review meetings

3.Four executives invited to SR,which became BoD in Dec 2006

4.Appointed part time FD

5.Exec drop outs – to be expected

6.Growing number of Critical Friends

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

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