Online Board Effectiveness Review
What is it?
The Board Effectiveness Review is an on-line questionnaire which is completed by each board director. We also encourage that the questionnaire be completed by senior personnel who may regularly attend Board meetings without being a director,eg Company Secretary. There are over 100 questions about board and boardroom issues, and the responses are analysed by our team and we report back to you with a clear presentation of your overall performance, highlighting particular strengths and weaknesses which might need attention.
Can it be customised to our organisation?
Absolutely yes.We have carried out many such exercises to reflect the particular circumstances of an organisation.
Why is such a review necessary?
Many companies are already bound by the UK Corporate Governance code to carry out effectiveness reviews. Many others are increasingly aware of the need for proper Board procedures and effective governance, and recognise the benefits such a review can bring to enhance Board performance.
Who could use it?
The Review is suitable for any Board or senior management team in any company or organisation, irrespective of size. We have tested this approach in the private, public and not for profit sectors, with listed and privately owned companies alike.
What topics are covered? The questions cover a full range of issues including board and corporate strategy, the role of the Chair, the roles of directors, director relationships, agenda setting, preparation for meetings, effectiveness of meetings, board committees, communication issues and much more.
What benefits will it bring?
The results will clearly identify any issues there might be in your corporate governance so that these can be addressed. More than that, it will enable you to identify what you need to do to become a more effective board – if the top team isn’t performing to its potential then the business itself won’t be.
How do we complete it?
The process is straightforward – each director logs in to a confidential online portal at a time to suit them. It then takes no more than 30 minutes to complete the multiple choice questionnaire. Your team is given a timeframe in which to complete the questionnaire and results are delivered to you in an easy to read report format within 2-3 weeks of completion.