Scoping an evaluation
clear objectives is key to the success of the evaluation, and whereas this has
traditionally fallen within the remit of the Company Secretary we are
increasingly seeing Compliance Directors and Internal Audit involved in
specifying deliverables, including the regulatory requirements, Board
development and stakeholder needs.
your firm is a FTSE 350 you’ll need to align any evaluation with the FRC UK
Corporate Governance Code (the Code) which states: B.6: Evaluation - Main
Principle The board should undertake a formal and rigorous annual evaluation of
its own performance and that of its committees and individual directors. B.6.2.
Evaluation of the board of FTSE 350 companies should be externally facilitated
at least every three years.
internal, externally-facilitated or full external evaluation can contain a
whole range of evaluation tools, including:
of Board documentation
of Board Control Manual
of Board meetings
thorough evaluation Boards need to pay particular attention to those issues
that have come to the fore through the various reviews and investigations that
have followed the global economic crisis:
role of Chairman
the Board spends its time
challenge on issues
role, responsibilities, suitability and contributions of Board members
member support and ongoing development
composition and diversity
The reality is the scope and best route for an evaluation
is bespoke to each Board and organisation.
BP&E tailors every evaluation to
our clients, immersing ourselves in your organisation offering tangible
recommendations that can have a significant impact on the effectiveness of your
To find out more about our approach to evaluations click here, you can also visit our review Facilitation page.
I think all those who met you enjoyed the interviews, and felt that you were very good at drawing them out in a relaxed, but nonetheless searching way. The end result, from my point of view, is both useful and practical. You have drawn out some very important high level issues, as well as a number of practical down to earth steps to help us improve our processes.
Chairman, Investment firm
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