Board Performance Evaluation
How well is your board performing?
Why not find out by undergoing a thorough performance evaluation
Every board needs a regular health check and more and more businesses throughout Ireland are now recognising that evaluating the performance of their board can be of real benefit in determining and improving boardroom practices and procedures.
By undergoing a thorough board performance evaluation, you can provide assurance to stakeholders and potential investors that your organisation is committed to the highest standards of governance and probity.
Good corporate governance makes good business sense, so if you want to increase the efffectiveness and efficiency of your board, it is essential that you first assess how it is performing.
Our service
The Institute of Directors' tailor-made board evaluation service offers independent and objective results, generated entirely from the views and opinions of all board members.
Designed to help your board perform as well as possible, it is a highly effective way of investing in the future of your organisation.
Your board will be evaluated by a highly capable and experienced independent director who will analyse and assess performance using online technology designed exclusively for the IoD. The service is both fast and reliable.
Effective evaluation
As leading contributors to the debate on effective governance, the Institute of Directors has detailed knowledge of best practice standards, codes of conduct and the techniques and processes associated with high performing boards.
Our board performance evaluation service enables you to understand how well your board is operating in key areas including strategy, business principles, risk management and internal control, performance and measurement, stakeholder management, board composition and boardroom practice.
The performance of board committees and/or individual directors can also be assessed, if you wish.
How it works
The service begins with a briefing for your directors on the objectives, process and prospective output of the evaluation. All board members will be then asked to complete an online questionnaire which will address key areas. This will be followed by a report and an option of a debriefing on the outcomes.
The whole board should be involved in reviewing the outcomes of the report, which will acknowledge the board's strengths and identify any weaknesses to be tackled. The report will also raise any varying opinions among directors, thus enabling your board to address and resolve any differences.
What areas are evaluated?
The board performance evaluation service enables directors to understand how well the board is operating in a number of key areas. These include:
- strategy
- business principles
- risk management and internal control
- performance and measurement
- stakeholder management
- board composition and boardroom practice
-
performance of committees and individual directors
Menu of Services
With six different evaluation options available, you can choose which service is best suited to the needs of your board.
Option One
Online assessment of the board followed by a summary report.
Option Two
Online assessment of the board followed by a summary report and a half day feedback session.
Option Three
Online assessment of the board and individual directors followed by a summary report.
Option Four
Online assessment of the board and individual directors followed by a summary report and a half day feedback session.
Option Five
Online assessment of the board, individual directors and board committees, follow up telephone interviews with each director and a detailed report with a half day feedback session.
Option Six
Online assessment of the board, individual directors and board committees, face to face interviews with each board member and a detailed report with a half day feedback session.
Who will carry out the assessment?
The IoD has retained a number of directors to conduct its board performance evaluation service. With a combined experience of more than 65 years as board members of PLCs, SMEs, State and semi-State organisations, each assessor is a fully qualified Chartered Director with vast knowledge and insight into what makes an effective board.
Having worked across sectors as diverse as telecoms, financial services, hospitality, motor, services, corporate governance, pensions and investments, property, urban and rural renewal, health, arts, communications, construction, energy and education, our assessors are equipped with the skills and expertise to offer your board an effective and efficient evaluation service.
Why opt for a board evaluation?
Undertaking a thorough board performance assessment will enable your organisation to gain a valuable insight into the effectiveness of your board. The board of any company is its governing body and if it is not performing to its full potential then your organisation could be at risk.
To find out how well your board is performing please contact Maura Quinn in confidence:
Maura Quinn
Chief Executive
Institute of Directors in Ireland
mquinn@iodireland.ie or 01 411 0010
