Make your money go further for just 25p per day

PREMIUM

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Argentex Group PLC (AGFX)  · Flowtech Fluidpower Plc (FLO)  · Goals Soccer Centres (GOAL)  · Trifast (TRI) 

AIM ESG UK

Lord Digby Jones is chairman of eight different companies

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on the role played by non-executive directors in smaller quoted companies. We are beginning to question what value they bring unless they are willing to roll up their sleeves and really get to understand the mechanics of the company.


The two non-executive directors at cake and coffee shop Patisserie Valerie were both highly experienced operators in the leisure sector, yet they clearly failed to ask the necessary questions or perhaps, after a long time out of the kitchen, they simply didn’t know what to ask.

Non-exec Lee Ginsberg joined Patisserie Holdings in 2014 and was previously finance director at Domino’s Pizza. Until recently he was also chairman of the audit committee at travel agent On the Beach. James Horler joined Patisserie in 2013 and currently serves as chief executive of 3Sixty Restaurants, a business in which Patisserie’s chairman Luke Johnson also had a minority stake. Mr Horler is also an investor in Leon Restaurants and a board director of Ping Pong restaurants. His biography explains how he started his career as a kitchen porter and worked for THF Hotels from a very young age, being the youngest management trainee to ever be offered an apprenticeship programme.

But with many years and…

Continue reading this article…

Enjoy FREE access to the top news and insights from the investment world and our introductory finance guides.
  • Informative guides
  • Unique podcasts
  • Financial news and political insight
Gain access to all our excellent content for just £90 per year, that’s just 25p per day for financial freedom.
  • In depth coverage of many of the world’s great companies
  • Breaking news on potential upcoming disasters
  • Unique insights from our top research team

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE TODAY

Become a Champion Investor for as little as £3.20 per report or get a year's worth of money-making analysis for just £90.

SUBSCRIBE NOW

More on Argentex Group PLC

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Investors Clinic

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on…


Foreign exchange: how to invest in the hottest of sectors

22/07/2019 · Investors Clinic

As holidaymakers pack their suitcases, the pitiful value of the UK pound, which has recently fallen…


June 2019 AIM new arrivals: a fast growing fx company joins AIM

08/07/2019 · News & Insights

June 2019 saw two more companies move to AIM from the main market and another fast…


More on Flowtech Fluidpower Plc

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Investors Clinic

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on…


High yield opportunities on AIM, including a 10% super yielder!

11/02/2016 · News & Insights
The recent sell-off has resulted in several AIM small caps now in high yield territory, which…

Markets are horrid but these 4 cracking small caps could bring great joy

22/01/2016 · News & Insights
While it has proved to be a horrible start to 2016 for equity investors, in terms…

Flowtech Fluidpower (AIM:FLO) – results in line, looking good and more acquisitions to come!

08/09/2015 · News & Insights
The distributor of technical fluid power products announced a solid set of interim results for the…

Flowtech Fluidpower (AIM: FLO) acquisition and update – rating looks modest

06/07/2015 · News & Insights
The specialist supplier of technical fluid power products has announced the further strengthening of its product…

More on Goals Soccer Centres

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Investors Clinic

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on…


Non-executive directors: a lesson in governance

12/08/2019 · Podcasts

As you will hear in this interview, Chris Boxall, from our associates at Fundamental Asset Management,…


The week at a glance: 29 July – dividend disasters

02/08/2019 · News & Insights

There have been some big dividend cuts in the UK this week as companies battle to…


Sports Direct struggles to manage Goals

21/06/2019 · News & Insights

Having failed to gain control of Debenhams, Mike Ashley’s Sports Direct has turned its attention to…


AIM’s rejuvenated growth stories

23/09/2016 · News & Insights
​Results from AIM’s star performers continue to impress with many delivering meaningful growth in earnings and…

More on Trifast

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Investors Clinic

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on…


Small cap snapshot

24/02/2016 · News & Insights
​Institutional stockbroking and corporate advisory firm Stockdale Securities, which focuses on UK small and mid-cap…

Trifast (TRI) - decent results and possibility of further upgrades?

19/06/2012 · News & Insights
There were decent full-year results from the manufacturer and distributer of industrial fastenings marginally ahead of…

Small Cap Review

22/06/2007 · Smallcap Review
The story of carpet making and the tale of 2 desperados!

More Investors Clinic

Battle of the booze: how to benefit from a battered market

14/08/2019 · C&C · Molson Coors

Taylor Wimpey vs Lennar: is there more value in a US housebuilder?

08/08/2019 · Lennar · Taylor Wimpey

FAANG results: what are the experts saying?

06/08/2019 · Alphabet · Amazon · Apple · Facebook · Netflix