BoD Performance Assessment

BoD Performance Assessment

High Performance Boards for Sustainable Corporate Governance!

Organizations are “managed and represented by the Board of Directors”. According to this definition, the BOD is the highest authority that directs operations of a company. The BOD is the organ that manages a company’s strategy starting from its vision and mission as well as being in charge of key risks management, actions to be taken for being prepared for crises and principles of the relationship with all its stakeholders; in short, the BOD manages sustainability of the company. 

Reviewing performance of the board, including its structure and committees reporting to the board, is one of the corner stones of compliance to the corporate governance principles. When carrying out its activities, the BOD might improve the efficiency of the BOD by reviewing its performance as a whole and separately reviewing the performance and competencies of its committees and members.

Independent and objective assessment infrastructure and BOD performance review method of CGE offers questions and assessments customized for your organization and comments of our consultants give suggestions for improving the performance of the Board and its members as well as increasing the Board’s efficiency. You can follow your development trend up to 5 years with regular assessments made every year; you will have a chance to see your position in comparison to the BOD performance scores of other companies and firms in your sector. Your excellent performance will set an example for other companies and this will contribute to your organization’s prestige.

Compliance of the BOD structure, members’ profile to the company’s strategies and corporate governance principles will be analyzed and areas for improvement will be determined; this will offer key leverage in the process of increasing efficiency of your BOD structure and activities as well as improving corporate success.