Board Effectiveness and Performance Reviews
Evaluating the effectiveness and performance of a Board, looks at how well the Board is undertaking its role, responsibilities, and legal obligations. It is important that the governance, operation of the board, strategic oversight and risk management are all effective in order for the Board to perform well. In addition, the review should look at Board dynamics, leadership and key board relationships (including Chair and Chief Executive, Chair and Company Secretary, SID and Chair/Board Members, and between Board members). The output report should provide constructive recommendations that help improve the Board’s overall effectiveness.
Asesoria Group has been undertaking board effectiveness and performance reviews through its Practice – Board Insight for over 15 years. We undertake all Board Effectiveness Reviews in line with the Chartered Governance Institute UK & Ireland’s Code of Practice for board reviewers and commit to apply all four principles of this Code. code-of-practice-for-board-reviewers-2023-09-18.pdf (cgi.org.uk) and code-of-practice-for-nfp-board-reviewers-vfinal.pdf (cgi.org.uk)
Within our methodology we utilise a range of interventions, which we tailor to the requirements of our clients, including:
- Documentation reviews (board papers and other documentation, including on previous board performance reviews)
- One-on-one interviews (with the Board, Company Executives and wider Stakeholders)
- Board and Committee observations (through attendance at Board and Committee meetings)
- Questionnaires (Online surveys around the key themes before on-to one interviews)
- Focus groups (discussions with stakeholder groups who regularly interface with the Board)
Ensuring we use at least three of the above interventions allows us to provide triangulated evidence and enable us to deliver a comprehensive, transparent, and robust findings and recommendations.
