The Corporate Development Directorate of De Montfort University (DMU) wishes to develop an External Board Review methodology that adds real value to the Board whilst also satisfying the requirement of the Corporate Governance Code June 2010.
Approaching this research from first principles and then by comparison with existing methodologies, DMU has developed the following outline:
1. Introduction and presentation of process to Board
· Arrange Non-disclosure agreement
2. Analyse a selection of agendas, papers, and minutes from Board and Board Committee meetings
· Feed back findings/comments to Chairman (/Senior INED)
· Gain approval for next phase
3. Observe Board and Committee meetings
· Feed back findings/comments to Chairman (/Senior INED)
· Gain approval for next phase
4. Interview all Board members
· Feed back findings/comments to Chairman (/Senior INED)
· Gain approval for next phase
5. Write and present 1st draft of report to Chairman and agree (iterative process)
6. Finalise report and present to Board
(Questionnaires may also be used at various stages where appropriate)
To allow completion of the process within a three-month time frame it should, if possible, be planned to take place at a phase in the cycle where the Board and all its Committees are scheduled to meet within such a period.
By engaging in this research the Board of the host organisation will have gained much beneficial insight into its operation and should have a report that it could use as an External Board Assessment Report should it wish to do so.
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