UK - Former Gartmore chief Paul Myners has secured his fourth non-executive position with his appointment to the board of retail giant Marks & Spencer.
This follows his appointment as non-executive director of Bank of New York last month.
Myners is also currently a non-executive on the board of British Telecom’s demerged wireless arm mmO2 and non-executive chairman of the the Guardian Media Group.
M&S chairman and chief executive Luc Vandevelde said: “Paul’s considerable experience will complement the diverse talent of the board. He will also add significant authority to our non-executive membership during a very exciting time in the company’s future development.”
Earlier this year the NAPF said it had registered concerns from members that some non-executives were spreading themselves too thinly.
NAPF voting issues service director John Rogers said current feelings were that executives should take on up to a maximum of four company posts.
A corporate governance consultant said: “Four non-executive trusteeships is probably about enough so long as you don’t have any full-time positions.”
The role of non-executive directors was thrust into the spotlight following the collapse of US energy giant Enron after its non-executives failed to blow the whistle on internal accounting malpractices.
By Alistair Graham
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.