What are Non-Executive Directors?
Like executive directors, non-executive director are a part of the company's board. They enjoy a great deal of independency and freedom on every crucial decision. Basically, these people do not work full time but are equally concerned about the day to day issues of a company.

Non executive directors need to have a full understanding of how to run the company perfectly. It also includes information and clear understanding of each and every department and a close eye on familiarity about the monthly sales figures and accounts. Due to their awareness and knowledge base, non execs are able to make intelligent decisions in the interests of the company.

Talking about the role of non executive directors, it is important to know that in larger company non execs play more of invisible roles while in smaller companies, directors have to contribute a lot from their sides.

Their basic duty is of an over-viewer and is to alarm the board about any unforseen situations. They also ensure adherence to good practice, keeps shareholders' stake in mind, and adherence to the process of boardroom discipline. They act more like advisors to the board and give their piece of mind on many issues. Many a times, non-exec directors share the legal duties and responsibilities of the executive directors.

Key Roles of the Non-Executive Directors are Discussed Below:
Challenging and creating useful strategies for the company
Regular scrutiny of management performance
Checks the system of risk management to confirm its robust status

Need for Insurance for Non Executive Directors
Non-Executive Directors enjoys the benefit of getting adequate insurance protection to indemnify their interests and responsibilities. An insurance policy protects directors against personal liability and defense costs which might cause a great financial loss. Also, protection against negligence, breach of duty or breach of trust in relation to the company can be covered as well.

There are many solutions available in the insurance market these days. To serve the purpose better, non executive insurance can be taken too.