The purpose of board assessments is to be sure that boards are fulfilling their duties and responsibilities and that appropriate processes are in place to ensure that boards are giving due diligence to planning and oversight over the organization.
With Increased regulatory concerns and global pressure on board performance, Board assessments stand as a measure for how boards are performing against the objectives and goals that they set for themselves.
Board assessments are an exercise in learning how the board can improve. These are important to strengthen how organizations operate, which has a strong relationship to how they govern.
The board assessment encourages collaborative decision making and high performance by individual directors. It also encourages directors to work together effectively to reduce conflict in the boardroom and embed a culture of good governance and team spirit.
Management Excellence Board Assessment Framework
1. Quantitative Survey Information
Using global best practice methodologies, a team of professionals from Management Excellence will conducts the review using a multi-step approach: A standardized, online self-assessment survey filled by Board members
- Entirely Anonymous …
- Completed in +/- 40 mins …
- Comprehensive scope …
- Easy to use and follow …
- Simply structured questions …
- User Friendly Questionnaire …
2. Board Member Perspectives
Followed by a deep-dive, one-on-one interview with Board members of the company and independent expert analysis.
Local and International Best Practices …
Deep insight into local regulatory concerns and expectations that are to be followed by the board.
3. Independent CG Expert Analysis
This report summarizes the findings and recommendations of this review.
Using this multi-step methodology, key findings are then derived based on a majority of Board Members’ views and not on one or two single observational statements
4. Independent Review Objectives
Assess Strengths and Areas of Improvement of the Board of Directors and the Board Committees.
Identify Recommendations for strengthening Board effectiveness.
Develop a Development Plan for discussion.
Analysis of improvement opportunities based on similar Boards and Best Practices
5. Draft Board Assessment Report
6. Draft Review
7. Board Roundtable discussion
Roundtable discussion with board on potential improvement actions.
Get in touch with us if you want Advanced Board Assessment tailor made for your Board in collaboration with the Globally Experienced Board Assessors .