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ITNEA
{{Unreferenced, date=January 2020 ITNEA or Information and TMT Non-Executives' Association was founded in 1999 by David Tebbs and is the United Kingdom association for non-executive Directors (NEDs) and non-executive Chairmen of listed IT, telecommunications and related media companies. They are sometimes referred to as telecommunication, media and technology (TMT), or information and computing technology (ICT) companies . ITNEA background ITNEA has over 500 members, holding over 1000 directorships between them. These directorships range from private start-ups to FTSE 100 companies, in all sectors, both UK and international. The common thread is that to qualify for membership, they must hold a non-executive directorship or Chairmanship of a quoted technology company (or an executive directorship of such where the person has or wants a non-executive role as well). ITNEA was founded by David Tebbs in 1998. Objectives *Act as a networking forum for non-executive directors and chairm ...
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Non-executive Director
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team. They are not employees of the corporation or affiliated with it in any other way and are differentiated from executive directors, who are members of the board who also serve, or previously served, as executive managers of the corporation (most often as corporate officers). However they do have the same legal duties, responsibilities and potential liabilities as their executive counterparts. Non-executive directors provide independent oversight and serve on committees concerned with sensitive issues such as the pay of the executive directors and other senior managers; they are usually paid a fee for their services but are not regarded as employees. All directors should be capable of seeing corporate and business ...
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FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market capitalisation. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group. Overview The index is maintained by the FTSE Group, now a wholly owned subsidiary of the London Stock Exchange, which originated as a joint venture between the ''Financial Times'' and the London Stock Exchange. It is calculated in real time and published every second when the market is open. The FTSE 100 Index was launched on 3 January 1984. The market capitalisation weighted FTSE 100 index replaced the price-weighted FT30 Index as the performance benchmark for most investors. The FTSE 100 broadly consists of the largest 100 qualifying UK companies by full market value. The total market value of a company is calculated by multiply ...
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Institute Of Directors
The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and incorporated by Royal Charter in 1906. The Royal Charter charged the IoD with promoting free enterprise, lobbying government and setting standards for corporate governance. The IoD is located in a Grade I listed building at 116 Pall Mall in London, formerly the United Service Club. Members of the IoD also gain access to co-working spaces around the UK, bespoke market intelligence, tailored tax and legal support, exclusive member-only events along with discounts on IoD professional development courses and events. From a high of 55,000 members in 2005, the IoD currently has just over 20,000 full members, with membership stabilising year on year. Members of the IoD come from companies of all sizes and from all industries. Around 70% are self-em ...
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Venture Capitalist
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first round ...
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