Board Level

Board Level recruitment & executive search specialists

We recognise that search and selection for Board Level positions requires a different approach to other forms of recruitment. At this level it is about bringing together companies and individuals that share similar values and aspirations, and offering candidates the right challenge at the right point in their career. Stone Executive has an outstanding track-record of delivering board-level appointments for global corporations, FTSE 350 and AIM-listed companies, public sector and not-for-profit bodies, and a great many SMEs and owner-managed businesses across diverse sectors.

A board appointment is among the most consequential hires any organisation makes. The chair sets the tone of the board itself, the chief executive carries the strategy, the chief financial officer holds the commercial reality, and the non-executive directors bring the independent challenge that keeps both honest. The wrong appointment at any of these positions costs more than recruitment fees - it costs strategic momentum, board cohesion, and in many cases the confidence of investors, regulators, and the wider stakeholder community. The right appointment, conversely, defines a chapter of the company’s future. With a professional network spanning the UK, Europe, and international markets, our board recruitment practice is able to identify and engage with high-calibre candidates wherever they sit.

Board Level roles we recruit

Stone Executive’s board recruitment practice handles the most senior single positions in any organisation. Our work covers two distinct categories of board appointment: the executive directors who run the business day to day, and the chair and non-executive directors who govern, challenge, and support them. Each appointment is run as a bespoke engagement, with the consultant matching the seniority of the brief.

Executive board roles. The chief executive and the senior executive directors who run the business day to day, accountable to the board for delivery of the strategy.

Chair and non-executive board roles. The independent voices that govern, challenge, and support the executive team.

  • Chair / Chairman - the senior board appointment, leading the board itself.
  • Senior Independent Director (SID) - the lead independent voice on the board.
  • Independent Non-Executive Directors (NEDs) - sector or functional independent directors.
  • Chair of Audit Committee - independent oversight of audit, risk, and financial reporting.
  • Chair of Remuneration Committee and Chair of Nominations Committee.
  • Supervisory Directors - for two-tier board structures and overseas listings.

A meaningful proportion of our board-level work sits below the very top of the FTSE - across mid-market businesses, PE-backed portfolio companies, owner-managed firms, and the boards of significant public-sector and charitable organisations. The discipline is the same regardless of company size: the right candidate is rarely on the open market, and the right approach makes the difference between a strong shortlist and a generic one.

Sectors we cover at Board Level

Board appointments at Stone Executive span every sector in which we operate. The consultant leading the search draws on the same sector specialism as our wider executive search and headhunting practice, which means the candidates we approach are credible to the appointing board from the first conversation, with relevant operating experience, governance history, and an existing network in the sector at hand.

Why specialist Board recruitment matters

A board appointment is rarely a routine commercial decision. The candidates capable of doing the job well at chair, chief executive, or non-executive director level are typically already in post elsewhere, often in roles that take years of investment to step away from, and they are not visibly available through advertised channels. Reaching them takes a depth of network across the senior board community, the credibility to make a discreet first call land, and the judgement to brief a search in a way that distinguishes a FTSE plc chair profile from a PE-backed portfolio chair, a regulated-industry CEO from an unregulated-industry CEO, an INED for an audit committee from an INED brought in for sector knowledge.

Stone Executive’s board practice has spent years building those relationships across the UK board community, and our consultants know the senior board market well enough to engage with people who would not otherwise consider a move. For non-executive director recruitment in particular, where the role calls for diversity of perspective and independence as much as sector expertise, that breadth of network is the foundation of a credible shortlist.

For chair and non-executive appointments at listed companies, the search is also conducted in the context of the UK Corporate Governance Code, which sets expectations on board composition, independence, diversity, and committee structure. Our consultants are familiar with the framework and structure shortlists to reflect the independence, sector experience, and committee capability the appointing board is seeking to add.

Our Board recruitment process

Every Stone Executive board search follows the same disciplined sequence, adapted to the seniority of the role and the governance structure of the organisation. Each engagement is retained throughout, run by a named consultant from briefing to offer, and supported by our in-house research team. The four stages below run sequentially, with the timeline shaped by the appointment, the stakeholders, and the regulatory context.

Brief development. We work consultatively with the chair, the senior independent director, the chief executive, the nominations committee, or the senior shareholders responsible for the appointment, to understand the role, the strategic context, the board composition, and the kind of leader who will succeed. For a chair or NED appointment, the brief also covers the diversity of perspective the board is seeking to add, the regulatory or sector context, and the time commitment expected.

Market mapping. We identify candidates across the relevant sub-sector and adjacent areas, drawing on Stone Executive’s network of senior board-level professionals and structured public-domain research. Long lists for board appointments typically extend across the UK and into Europe, particularly for chair and NED searches where independence of perspective is part of the brief.

Direct, discreet candidate approach. Senior board candidates are usually in post and not visibly available. Reaching them well requires the credibility to make a discreet first call land, and the substance to make the conversation worth their time.

Shortlist, interview, and appointment. We present a shortlist of typically four to six candidates with detailed written profiles covering career history, motivations, fit against the brief, and our independent assessment. We then manage the formal interview rounds, candidate communication, and any additional due diligence the engagement requires - including for regulated appointments where the candidate must be acceptable to the regulator before the appointment can complete.

Stone Executive publishes board-focused content for incoming and existing non-executive directors and the boards considering them.

FAQs

What is board level recruitment?

Board level recruitment is the practice of identifying and appointing the most senior single positions in an organisation: the chair, the chief executive, executive directors, non-executive directors, and the chairs of board committees. The work is retained, research-led, and conducted with absolute discretion - the right candidate is almost always already in post elsewhere and would not respond to an advertisement.

How are non-executive directors appointed?

Non-executive directors are typically appointed through a formal nominations committee process supported by an executive search firm. The committee defines the brief - sector knowledge, functional expertise, diversity of perspective, time commitment - and the search firm maps the relevant candidate market, approaches passive candidates, and presents a shortlist. The appointed candidate is interviewed by the chair and selected board members, and the appointment is formally approved by the board (and, for listed companies, disclosed to the market).

What does a non-executive director get paid in the UK?

Non-executive director fees in the UK vary widely by company size and complexity. NEDs at smaller private companies and charities typically earn from £15,000 to £30,000 per year, with FTSE 250 NED appointments commonly in the £60,000 to £75,000 range and FTSE 100 NED fees typically in the £80,000 to £120,000 bracket, per the most recent Spencer Stuart UK Board Index. Chairs and committee chairs typically earn additional fees on top, reflecting the additional time commitment. Our 2026 NED Pay Guide breaks the figures down by company tier and committee role.

What is the average salary of a chairman of the board in the UK?

Chairman fees in the UK vary widely with the scale and governance complexity of the company. Chair fees at the FTSE 100 typically run into the mid-six figures, with FTSE 250 chair fees commonly in the £150,000 to £300,000 range, per the same Spencer Stuart UK Board Index referenced above. Chairs of AIM-listed, PE-backed, and significant private or charitable organisations earn proportionately lower fees, with structures varying considerably. Committee chairs (audit, remuneration, nominations) typically earn additional fees on top of the base chair fee.

How long does a board level search take?

A typical board level search runs for eight to twelve weeks from briefing to offer acceptance. Chair and chief executive appointments often run longer. Aligning multiple stakeholders, securing regulatory approval, or connecting the appointment to a wider strategic transaction all add weeks to the engagement. Notice periods at this seniority routinely add a further three to six months before the appointed candidate joins.

Do you appoint to FTSE-listed boards as well as private and PE-backed boards?

Yes. Stone Executive’s board practice works with FTSE-listed corporations, AIM-listed companies, large private and family-owned businesses, PE-backed portfolio companies, public sector bodies, and significant charities and not-for-profit organisations. The methodology adapts to the governance and shareholder profile of each client.

What makes a good non-executive director?

A good non-executive director combines independence of judgement with depth of relevant experience: enough sector or functional expertise to ask the right questions, and enough independence from management to push back when the answers do not stack up. The most effective NEDs balance commercial credibility with the patience to operate at board cadence rather than executive cadence, and they bring perspective from outside the organisation - whether that is sector adjacency, regulatory experience, transformation history, or the diversity of background and viewpoint the existing board is missing.

How much does board level recruitment cost?

Board level recruitment fees are typically structured as a percentage of the appointed candidate’s first-year remuneration, paid in three tranches: an initial instalment at engagement, a second when a shortlist is presented, and a final tranche on appointment. For chair and non-executive appointments, where compensation is structured as a fee rather than a salary, fees may be calculated as a fixed amount confirmed at the engagement stage.

To discuss a board-level appointment, please contact our team on 0333 800 1560.

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