Governance Review

Governance structures often evolve without a coherent plan as they are adapting to ever changing requirements. Regulators often challenge the quality of governance when they are advised of new structures, appointments or following a visit or negative issue to emerge from the company.

What should you look at if the regulators or your shareholders question your governance structure? The question will have arisen in connection with your structure compared to that suggested by the UK Corporate Governance Code. As a result of regulatory intervention, you'll be required to go beyond the letter of the Code; you'll need to justify why your governance is the way it is and why it is best suited to your business.

To address this, BP&E Global can conduct a Governance Structure Review.

Benefits to be gained from a Governance Structure Review are:

  • A rational, up to date and consistent framework of governance that supports the business for the future
  • A process that ensures it remains up to date and keeps pace with the the development of the business
  • Procedures that ensure the appropriate frequency of meetings for the Board and its Committees
  • A model for the timely and relevant provision of Board packs

If you undertake this review yourself it is possible that you will only see what you are expecting to see. As an external facilitator, our team of experienced specialist consultants, many of whom have been regulators themselves, can cover areas you might not be able to see, including:

  • What structure is currently in place
  • Whether it's fully documented and that matches the reality
  • Roles and responsibilities
  • Reporting lines
  • Committees
  • Membership of Board and Committees
  • Why you are deviating from best practice
  • Updating your Board Control Manual and any other documentation

An external review may also be a regulatory requirement in reviewing your governance against regulatory expectations and best practice. We have seen countless examples of good and bad practice and are able to advise you on what may suit your organisation best.  

We typically conduct our reviews in three phases:

  • Phase 1: Desk review of all of the Board standards and procedures, for example, Board terms of reference, job descriptions etc.
  • Phase 2: How governance works in practice, through interviews and Board observation
  • Phase 3: Governance recommendations and next steps, reporting to the Board and assisting in remedial action

Much as we would in a Board Evaluation (as required by the UK Corporate Governance Code) we assess:

  • Terms of reference (for Board and Committees)
  • Organisational Charts
  • Role Profiles and Authorisations
  • Board Papers

If you are currently reviewing Governance structures, click here for our recommended Review. You can also explore our articles page and read articles such as ‘Good Governance in exceptional boards’.

We found working with BP&E to be highly rewarding as the evaluation was carried out to a very professional standard. The recommendations were insightful and very useful to our governance process, helping to stimulate the debate necessary to move the company forward.
Peter Dodd, Chair UIA Mutual Insurance Ltd
You can also explore further advice on governance by visiting our articles page.

To Book a Governance Structure Review contact

BP&E Global – Board performance matters 

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