Board Performance Review
Regular Board performance reviews are recommended by Standards Australia, the ASX and the Australian Institute of Company Directors.
Board performance reviews are an opportunity to reflect on the collective performance of the Board, the individual performance of directors, the appropriateness of the governance framework in place, and the areas for improvement that the board may wishes to consider.
Board Business provides experienced non executive directors to facilitate Board performance reviews. We consider Board performance against three key areas:
This considers how effectively the Board fulfils its governance responsibilities.
This considers how efficiently the Board operates.
This considers the guidance that the Board provides regarding ethical behavior and decision making.
The review mechanism can vary to meet the needs of the Board and the Executive. Options include:
- Desktop review of governance documentation;
- Facilitated Board discussions;
- Questionnaire based information gathering;
- Director interviews;
- Benchmark comparison of governance practices.