Improving Board Effectiveness

Date: On a date of your choice
Location: Delivered as an interactive briefing
Event Code: IBE

Course Details

Achieving an effective board has been the goal of regulators for some time and, perhaps more importantly, effective boards produce better results for all stakeholders. What are the inputs you need to manage to meet that goal?

Our interactive briefing is designed to focus on the key elements essential to improving the performance of your board.  It offers practical examples of how to overcome common challenges such as overlaps, gaps and obscure reporting lines in governance structures, and weak or non-existent training and competence programmes for senior people.   Not only will you explore the latest standards but also how best to evidence that your governance structure actually works and is supported by people who have the right skills and knowledge.

If you are planning your next board evaluation you can also explore how best to scope and structure this to uncover what really needs to be addressed.

Who should attend?

Ideal for Directors and Senior Managers involved in decision making about the governance structure, the constituency of the Board and its effectiveness. 

The agenda

1.       Current Governance standards expected of regulated firms

  • The FRC, the law and regulation
  • PRA and FCA expectations
  • Culture

2.       Common problem areas and how to overcome them

  • Complex Group and internal structures
  • Evolving businesses
  • Corridor decision making

3.       Building a balanced Board

  • Size
  • Tenure
  • Executive vs non-executive vs independent non-executive members
  • Breadth of experience and expertise
  • Succession planning
  • Diversity issues

 4.      Essential elements of good governance

  • Job descriptions/ Statements of responsibility
  • Code of Conduct (COCON)/ Statement of Principles for Approved Persons (APER)
  • The chain of delegation/ accountability
  • Matters reserved for the Board
  • Terms of reference
  • The Governance Map

5.   Effectiveness - what to look for when evaluating your board

  • Leadership
  • Responsibilities
  • Strategy
  • Risk
  • Debate 

Key Benefits

Benefits

  • Recognise the gap between current standards and where your board sits
  • Consider whether you have the right mix of people and experience around the board table and how to achieve a balanced board
  • Understand how to balance executive, non-executive, and group non-executive representation
  • Gain practical tips for creating succession plans that deliver a real pipeline of talent for the Board
  • Explore how the board may be influenced by external and group parties that undermine its authority and governance
  • Ensure that your governance map encompasses the whole of your responsibilities and captures the right individuals in key roles
  • Choose the best method of evaluation for your board and how to mix the approach to engage and motivate Directors
  • Make the results of an evaluations meaningful and act on the results
  • Find good sources of help and guidance

 

 

 

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