How to Do Board Evaluations

In the Code of Corporate Governance of the King Report, companies and enterprises are urged to undertake regular assessments of the performance of their boards of directors and committees of the board. However, no guidance is given on how to go about this. For many companies it was an entirely new concept and therefore directors needed to get guidance on where to start, what to watch out for and what needed to be done when the assessment is finished. This book is aimed at filling those gaps. This is particularly important when one considers that there are many companies all competing for better market share, the competitive edge, enhanced reputation and sustainability. You do not get to the top if your leadership is weak while other companies are taking positive steps to be the leaders. This book provides directors with practical, step-by-step guidance on how to do board assessments in a structured manner - from where to start to potential pitfalls and the post-assessment actions required. The book goes beyond compliance with the recommended best practice - it also focuses on doing assessments in to strengthen weaknesses and achieve an overall improvement in the way individuals, committees, boards, and especially their leadership perform their fiduciary responsibilities. Key Features Include:* Understanding the value and the benefits of doing evaluations of the board and its committees and highlighting areas where this can be achieved.* How to structure the process of doing board evaluations.* Drawing attention to issues that are commonly encountered to benefit from best practice recommendations.* Elimination of guesswork.* Tips on what to do and what to avoid.* Guidance on preparing an assessment questionnaire.* Using the SWOT analysis to develop your strengths and to take advantage of opportunities