How To Conduct & Manage Your Own Board Evaluations

An effective board is essential for all firms, in the eyes of the regulators, as it is seen as central to corporate governance standards. Having an effective board is also desirable for firms themselves as they are known to contribute to better results.

Course Overview

An effective board is essential for all firms, in the eyes of the regulators, as it is seen as central to corporate governance standards. Having an effective board is also desirable for firms themselves as they are known to contribute to better results.

Some firms understand the importance and benefits of undertaking board evaluations, and most will have been told that externally validated evaluations are the most effective. However, an effective evaluation carried out by an external facilitator can be expensive, time consuming and sometimes even viewed as disruptive. But knowing the positive impact these have on your firm’s performance you’d prefer to find an effective way to run your own effective board evaluations on an regular basis.

Conducting effective evaluations on a regular basis can help improve performance on three levels:

• Organisational
• Board
• Individual development

That sounds great but, as a firm, how do you know your internal evaluations are providing improved performance across all three levels? We hear the same following questions from clients, do any sound familiar?

• How effective are our board and committees?
• What should we look for when evaluating the effectiveness of our board?
• Who should we engage with to complete a meaningful evaluation?
• How can we ensure the evaluation process and outcomes remain positive and constructive?

That is exactly why we have developed this workshop, to provide your firm with the opportunity to gain validation on your existing processes whilst answering providing answers to the questions above.

This programme is designed to provide guidance and best practice on the criteria that should be considered for any internal evaluation, as well as:

• To provide guidance on what makes an effective board
• The methods of gathering relevant information
• Using examples of good practice to assess and evaluate these findings
• Developing a progressive action plan to build improvement

Course Modules

• Consider how an effective Board operates
• Understanding how to assess and evaluate these effectiveness criteria
• Understanding how to use the information to identify areas for improvement and build an action plan