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relevant expertise 
in industry, company, 
functional area and governance. The board as a whole needs to contain a 
mix of expertise 
and show a 
balance 
between 
executive management
and 
independent non-executive directors
. The King report 
stresses the importance also of having a good 
demographic balance. 
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PART B: BUSINESS ORGANISATION STRUCTURE, FUNCTIONS AND GOVERNANCE 
 
186
 
New and existing directors should also have 
appropriate training
to develop the knowledge and skills 
required.
3.5.1 Nomination committee 
In order to ensure that balance of the board is maintained, the UK Corporate Governance Code (FRC, 
2018) states that the board should set up a 
nomination committee 
to oversee the process for board 
appointments and make recommendations to the board. The nomination committee needs to consider 
the balance between executives and independent non-executives, the skills possessed by the board, the 
length of service of directors and their diversity, as well as the need for continuity and the desirable 
size 
of the board.
3.6 Possession of necessary information 
In many corporate scandals the board was not given full information. The UK Corporate Governance 
Code (FRC, 2018) stresses that directors should have access to 
appropriate, timely and clear 
information
to make sound judgements.

3.7 Performance of board

Appraisal of the board's performance is an important control over it. The UK Corporate Governance Code 
(FRC, 2018) recommends that 
performance of the board
should be 
assessed
once a year.