Boardroom Evaluations
Today's boards want to be effective. They want to make a real difference.
An effective board goes beyond governance and control. Strong boards improve the overall performance of an organization through oversight of their management team. While many tools exist for "evaluating" boards, most of them are designed with an auditor's mentality in simply evaluating whether the company meets basic regulatory requirements. Compliance with regulatory requirements is a must, but boards wishing to make a real difference need to set the bar even higher.
Candela Solutions' Board Evaluation Program assesses the entire board's performance through a preliminary questionnaire, an anonymous survey and a facilitated session.
Assessment Areas
Performance
- Relationship with Management
- General Culture
- Access to Information
- Collective Expertise
- Orientation & Training
- Overall Performance
Compliance and Regulatory Issues
- Awareness & Management of Risk
- Code of Conduct
- Board Structure
- Board Independence
- Management Oversight
- Transparency & Accessibility
Time Efficient and Effective
Our evaluation tools are tailored to best meet your needs based on your industry, size and operating environment. We typically suggest an anonymous survey tool to be completed by all board members. With potential assistance from in-house legal counsel, we can analyze results, provide recommendations for improvement, and help establish performance benchmarks for realizing strong boardroom practices. You can count on Candela Solutions for a time-efficient and easy to understand board evaluation tool.
