Online Board Effectiveness Review
We are pleased to announce the launch of a comprehensive and cost-effective diagnostic review which will help to tell you how effective your Board is. Designed and authored by Platinum Compliance, working with recognised specialists in this field, your company or organisation can now carry out its own BOARD EFFECTIVENESS REVIEW.
What is it? The Board Effectiveness Review is an on-line questionnaire which is completed by each board director. 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.
Why is such a review necessary? Many companies are already bound by the UK or Guernsey 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. This approach has been tested 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 Chairman, 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.
Full Board Evaluation Service
We also offer a full Board Evaluation Service which includes:
one to one interviews with the Board of Directors to discuss the findings of the questionnaire;
attendance at a board meeting to undertake a further analysis of the Board's performance and effectiveness; and
the provision of a full Board Evaluation report highlighting any issues that may have been identified.
If you would like a copy of our brochure providing more details please do not hesitate to send us your request.