Executive and non executive director services
In addition to acting strategically, Nigel has led the boards of 24 investee companies across a range of asset sectors including:
Government real estate
The focus is on future performance and securing shareholder objectives. This is achieved by implementing robust governance systems backed-up by concise and accurate reporting. The management team is constantly encouraged to be vigilent for commercial, financial and technical risks and, where appropriate, identify mitigating action. The same approach is taken on opportunities to improve performance and enhance shareholder value. Lending covenants are extracted from the finance documents, highlighted and regularly monitored. Project reporting metrics are adapted to reflect these principles
High importance is placed on inter-party relationships including with equity partners, lenders, contractors and suppliers. Particular importance is placed on establishing or retaining strong client relationships as these are essential to building trust and mutual respect and are critical to avoiding the excessive cost and management effort incurred in an overly contractual relationship. They also prove invaluable in resolving contractual disputes if, as and when they arise.
Despite the experience of turning around or transforming assets/performance in distress, the emphasis is firmly on prevention.
Nigel currently chairs the Whittington Hospital PFI in London. He was appointed in October 2011 by the turnaround panel of Lloyds Bank (the project owners and lenders) to stabilise the financial and operational performance of the project and rebuild value after a period of upheaval.