Board Performance Review

The Combined Code Of Corporate Governance has "Performance Evaluation" as one of its main principles:

"The board should undertake a formal and rigorous annual evaluation of its own performance and that of its committees and individual directors"

Why undertake a board review? The worst response is 'because we are require to do so by regulations'. A more positive response is that 'we see the review as a fundamental part of our corporate governance processes. Our corporate governance strategy is a basic part of our over-all corporate strategy.

(Tricker; Corporate Governance; Principles, Policies, and Practices 2009)

Clearly, the board should seek to derive real benefit from the review and not to see it as threatening in any way. To do this the board needs to find the right partners to undertake the assessment and ensure that the process fits in with the rhythm and cycles of the board and the organisation's operations.

So, what does such a review comprise? Coming soon.................................