Summary of Class:
At the end of this workshop, experienced directors or corporate secretaries will be able to organise, implement, and sustain board self-evaluation processes.
All boards of companies that are regulated or have a public accountability are required conduct structured and systematic annual board evaluations (see T&T Corporate Governance Code, Central Bank Corporate Governance Guidelines, and State Performance Monitoring Manual). All other boards should also at least conduct board (self) evaluations. There is very strong evidence that shows direct profit impact of board evaluations.
This Masterclass examines how to evaluate the board, board committees and director performance in a way that is consistent with the legal and regulatory requirement and has the maximum positive impact on the board.
The Masterclass will support participants by helping them to establish the business case for conducting an annual evaluation and will review the key performance frameworks and indicators that they can employ.
Methods for dealing with opposition and scepticism to board evaluation will be shared with participants. The focus of the Masterclass will be upon using the evaluation process to improve the effectiveness of the board.
Participants will examine practical methods for conducting board self-evaluations: how to organize it, how to conduct it, how to review the insights, and how to sustain the learning.
- The benefits of board, board committee and director evaluation
- Key performance frameworks and indicators
- Practical review of different methods and sample content of evaluation
- Overcoming the barriers
- Getting the most from the evaluation process
- Chairmen of boards
- Chairmen of board committees
- Independent Directors
- Corporate Secretaries
- Advisors to the board
- Chief Executive Officers
FACILITATED BY:Dr Chris Pierce is a Fellow of the UK Institute of Chartered Secretaries and Administrators. Chris is in charge of CCGI Professional Development Programme and will personally deliver this course. Chris led the development of the UK National Occupational Standards for Company Secretaries and provides company secretarial training for ICSA in the UK. He has written many books on Corporate Governance matters