TYPICAL BOARD REVIEW
A Typical Board Review
We offer performance reviews of boards and how boards can improve governance
Gricunashr has an excellent track record of assisting with performance reviews of boards and identifying ways in which boards can improve governance. We have developed a comprehensive model for review that can be tailored to the specific needs of any board.
No two board reviews are the same but many share common elements. Like any exercise, the benefits gained are directly related to the effort expended. Many clients have a clear idea, when they commission Boardroom Partners to facilitate a review, of their broad objectives. This will affect the design of the particular approach.
Other clients embark upon the exercise because they believe it is a good thing to do;
they are seeking to indicate to shareholders that they are taking their governance role seriously or because they are seeking to improve performance. In cases where there is no dominant outcome specified, Boardroom Partners will suggest various alternatives for consideration.
STAGES OF THE REVIEW PROCESS
Our experience tells us that there are certain core steps in any successful review process. While the emphasis is different for every client, the key parts of the process are:
- DISCUSSION WITH THE PERSON COMMISSIONING THE REVIEW
- PREPARE SUITABLE QUESTIONS
- COLLECT RESPONSES IN THE MOST APPROPRIATE WAY
- COLLATE RESPONSES AND PREPARE A REPORT
- PRESENT TO THE BOARD AND ASSIST WITH IMPLEMENTATION
- REVIEW OF FRAMEWORK FOR REVIEW
- WHAT IS THE STRATEGIC DIRECTION
- REPORTING TO THE BOARD AND IMPLEMENTATION
- COMPARISONS WITH OTHER BOARDS
- COSTS- SHOULD COSTS BE AGREED UPFRONT?