Board Review Overview
Developing your board
Today, organisations' stakeholders expect the board to be
performing at a high level. Reviewing
performance is now recognised as a key governance tool to improved
effectiveness. For example, the ASX
Principles of Good Corporate Governance and Standards Australia recommend that
boards should regularly review and assess their own performance and that of
individual directors. The Australian Prudential Regulation Authority (APRA) also requires
this to be done annually.
So how do you know, objectively, if your board is performing
effectively and efficiently?
At Effective Governance we have spent many years working
with boards to enhance performance. Our
colleagues, Professor Geoffrey Kiel and Dr Gavin Nicholson have developed the
High Performance Board Model which
we use as the evaluation framework.
Let us help you understand how your board is performing and
adding value to your organisation.
Confidentiality
Effective Governance utilises
the services of a third party provider for the on-line board review tool. We have a confidentiality
agreement in place with this provider to protect the information our clients
provide during the evaluation process.
In addition, we have internal procedures to ensure the strictest
confidentiality protocols.
Download Fact Sheet
Board Review Services
Regular review of the Board provides the opportunity for the Directors to develop a shared understanding of their governance roles and responsibilities
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An important factor in improving the effectiveness of your board, and therefore the success and prosperity of your organisation, is for each individual director to be a highly competent board member.
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Reviewing committees and their work is essential to ensuring they retain an ongoing relevance to effective governance within the organisation.
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Our online board review tool provides boards with the opportunity to self-assess board performance in a non-threatening and cost-effective manner.
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A path to enhancing governance is a key output of the Board Review Findings Review workshop
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A board skills analysis is used to evaluate the competencies and skills the board considers each existing director to possess as well as the competencies and skills it will need to address any gaps.
Read More.
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