The Effective Board
The Effective Board: Better to give than to receive? Individual directors’ performance review
The different options for reviewing the effectiveness of the whole board are well-rehearsed and most companies now take a pretty serious approach. But the UK Corporate Governance Code also requires an annual review of individual directors. This is a bit more tricky. It’s not unusual for non-executive directors to bristle at the idea of a formal evaluation. Chairmen often don’t feel comfortable doing any more than a “fireside chat”. The board (or SID) aren’t sure what to do about the Chairman (or the committee chairmen) either. And when a formal review is done badly, it can backfire. Here are a few thoughts based on what we’ve seen work well – or not so well.
Helping you get it right
For us, good governance is about good performance.
Yes, compliance matters. But our work is about helping you make sure your organisation…is led effectively by a board that adds value…is kept under control through risk management and assurance frameworks that meet your needs…and is “doing the right thing”.Contact