From Finance Director to Non-Executive Director: How to Make the Move

A successful career in finance can open doors to a wide range of opportunities, and one of the most rewarding transitions for senior professionals is stepping into a Non-Executive Director (NED) role. But while becoming an NED might seem like a natural next step for Finance Directors, the path isn't always straightforward.

So, how do you make the leap? And what does it really take to become a successful NED in today’s UK market?

Why Finance Directors Are Well-Placed for NED Roles

Finance Directors (FDs) already operate at the strategic heart of a business.

You're used to advising the board, managing risk, and ensuring financial compliance, all of which are central to a Non-Executive Director’s responsibilities.

But being an NED isn’t just about financial oversight. It’s about providing independent, high-level guidance, supporting long-term growth, and holding executive leadership to account. It's a shift from doing to advising.

What Makes a Good NED?

In the UK, the role of a Non-Executive Director is increasingly focused on governance, transparency, and stewardship. The best NEDs bring:

• Strategic thinking:  with the ability to see beyond the numbers
• Independence: offering challenge and support in equal measure
• Sector knowledge or, at the very least, business model understanding
• Good judgement: especially in risk management and corporate ethics
• Strong networks: often helpful in opening commercial doors

And yes, your financial acumen is a huge asset. But the real value lies in your ability to balance scrutiny with support, helping steer the business while keeping it accountable.

How to Get Your Foot in the Door

The biggest challenge for first-time NEDs is often getting that first appointment. Here’s how to start opening doors:

1. Start With a Self-Audit

Ask yourself:

• Why do I want to be a Non-Executive Director?
• What type of organisation am I best suited to?
• What value can I offer beyond finance?
• You’re building a personal board brand, so clarity is key.

2. Get Governance-Savvy

If you haven’t already, familiarise yourself with UK Corporate Governance Code principles and boardroom responsibilities. Consider:

• Courses and qualifications (e.g. from the Institute of Directors or Financial Times NED Programme)
• Board observer roles or committees in your current business
• Voluntary positions (e.g. trustee roles) that give governance experience

3. Leverage Your Network

NED appointments often happen through connections, not job ads. Let your professional network know you’re exploring NED opportunities, especially:

• Executive search firms that specialise in board roles
• Existing NEDs who may recommend you
• Former colleagues now in senior leadership roles
• LinkedIn is your digital calling card, so make sure your profile reflects your board aspirations clearly.

4. Consider Smaller Boards First

You may have been FD in a £100m+ company, but your first NED role might be with a growing SME, charity, or start-up.

These organisations value experience but often need someone who can offer guidance and roll up their sleeves.

Taking on a smaller role doesn’t diminish your track record, it builds your NED credentials.

5. Tailor Your CV for Board Roles

Your executive CV is about what you’ve done. Your NED CV should focus on how you think. Highlight:

• Board-level experience
• Strategic impact
• Governance and risk credentials
• Stakeholder and shareholder management

Common Misconceptions

“I’ve been to board meetings for years -that’s enough.” - Not quite. Being part of a board isn’t the same as having an independent voice on one. As an NED, your focus shifts from delivery to oversight.

“NEDs are just there to keep an eye on the numbers.” - Wrong again. While finance is a core pillar, NEDs are expected to challenge on people, strategy, culture, risk, ESG, and more.

“It’ll be easy to pick up a few board roles.” - Possibly, but only if you invest time in building the right profile, credentials, and relationships.

Transitioning from Finance Director to Non-Executive Director is absolutely achievable and often incredibly rewarding. But it’s not a natural promotion; it’s a reinvention.

Start small, be strategic, and focus on what you can offer as an independent advisor, not just as a former FD. Whether you’re looking to future-proof your career or create a portfolio lifestyle, stepping into the boardroom as an NED can be the perfect next chapter.