Board evaluation is a fundamental requirement of the UK Corporate Governance Code and best practice for all other organisations that have a board of directors. A highly effective board is one that clearly articulates the vision, ethos and values of the company. It takes full advantage of the board dynamics, has a clarity of purpose, effective chairmanship and a strategic direction.
This course will demonstrate how these aspects can be developed and a high-performing board can set the tone and lead the organisation’s strategy most effectively.
It is essential training for anyone who works on or with a board of directors, whether it is a board experiencing tough challenges or one that is confident in its own performance. It carefully details the technical aspects of the board evaluation process and explains how to implement a culture of continuous improvement.
This course will be invaluable to any company that has a board of directors at any stage of development. It is essential training for all company directors, company secretaries, chairmen and chief executives as well as non-executive directors. It will also be of enormous benefit to those who work with a board of directors in an advisory capacity.
The course covers the following topics.
Role of the board and its directors
- The duties of the board and its role and responsibility in articulating the vision, and determining the organisation’s culture and values
- Setting objectives to ensure the delivery of the strategic plans and reviewing risk appetite
Evaluating your board’s effectiveness
- Good governance, regulatory pressure and developing a culture of board performance improvement
- Board effectiveness review methodologies
What should be reviewed?
- Assessing board dynamics, chair effectiveness, clarity of purpose and strategy
- Delegation to management, stakeholder engagement, board process and risk
Board review process
- Pre-requisites and deciding on the, internal or external, reviewer
- Owning the review and setting out the process
