Board Evaluation

Board Evaluation
Board Evaluation in Kenya at its best

Our services on Board evaluation give an idea of how the board should approach its position in corporate governance; fully prepared, for the benefit of achieving the desired outcomes and results outlined in the board’s overall strategic plan.

The board, its composition and evaluation of performance is central to corporate governance. By increasing scrutiny to board evaluation, we focus on the activities of the board and its committees particularly post the banking crisis and experience, which may show a successful board, is not guaranteed by just bringing together successful people.

All boards, and their committees, can benefit from evaluations: particularly subsidiary boards which are often training grounds for listed companies. They get an early expose to good governance that may equal a good pay of dividends later on.

Board evaluations can bring remarkable benefits and a properly conducted evaluation can contribute notably to performance improvements on three levels: organizational; board and individual member level. A quick and simple audit against the basics standards for directors and board processes with a suitable action can lead to an immediate improvement of corporate performance.

One of the main goal of board evaluations is to enable boards to identify and overcome the barriers that hinder their effectiveness. Establishing an effective process for board evaluation can send a positive signal to the organization that board members are committed to doing their best.

We will check that there are clear board procedures in place, with all board members fully understanding their role and having the special skills that directors need. These processes will enable you and your board to significantly raise your game and eventually increase your professionalism.

The Board Evaluation Process

  1. Selection of the external facilitator;
  2. Planning of the evaluation process, including briefing the board;
  3. Gathering of evidence by the external facilitator, typically using board governance analysis questionnaire;
  4. Drafting of a board evaluations report by the external facilitator;
  5. Delivery of the board evaluations report to the R&N and Board chairs;
  6. Discussion of the board evaluation report by the entire board;
  7. Meetings between the chairman and individual directors to discuss individual director evaluations; meeting between the R&N Committee Chair and the chairman to discuss the chairman’s personal evaluation;
  8. Determination of a board development strategy by the board

The nature of the assessment process for boards of directors varies widely:

Best Practices for Board Evaluations

  1. The participation of all individual directors to ensure a shared understanding and acceptance of the benefits of the board evaluation.
  2. A well thought-out, systematic process to establish an effective board evaluation timeline.
  3. Carefully selected board evaluation instruments to ensure that resulting information is valid, efficient and accurate.
  4. A thorough follow-up to confirm that areas of concern have been addressed, and board evaluation information has reached the right people.
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