- How To Conduct & Manage Your Own Board Evaluations
28 March, 2019
9:30 am - 12:30 pm
- City of London
Course Fees (excl. VAT)
- Single Booking £395.00 (GBP)
- Multiple Booking £355.50 (GBP)
An effective board is essential for all firms, in the eyes of the regulators, as it is seen as central to corporate governance standards. Having an effective board is also desirable for firms themselves as they are known to contribute to better results.
So firms understand the importance and benefits of undertaking board evaluations, and most will have been told that externally validated evaluations are the most effective. However, an effective evaluation carried out by an external facilitator can be expensive, time consuming and sometimes even viewed as disruptive. But knowing the positive impact these have on your firms performance you’d prefer to find an effective way to run your own effective board evaluations on an regular basis.
Conducting effective evaluations on a regular basis can help improve performance on three levels:
- Individual development
That sounds great but, as a firm, how do you know your internal evaluations are providing improved performance across all three levels? We hear the same following questions from clients, do any sound familiar?
- How effective are our board and committees?
- What should we look for when evaluating the effectiveness of our board?
- Who should we engage with to complete a meaningful evaluation?
- How can we ensure the evaluation process and outcomes remain positive and constructive?
That is exactly why we have developed this workshop, to provide your firm with the opportunity to gain validation on your existing processes whilst answering providing answers to the questions above.
This workshop is designed to provide guidance and best practice on the criteria that should be considered for any internal evaluation, as well as:
- To provide guidance on what makes an effective board
- The methods of gathering relevant information
- Using examples of good practice to assess and evaluate these findings
- Developing a progressive action plan to build improvement
The Course Agenda
Consider how an effective Board Operate
- Strategic leadership
- Board structure, composition and development
- The role of the Chairman
- Strategic Planning and performance measures
- Board time – in and out of Board/committee meetings
- Culture and values
- Oversight and Governance
- Committee structure, TORs and governance processes
- Agenda management, actions and outcomes
- Management Responsibilities MAP (MRM)
- SMF role holders and prescribed responsibilities
- Statements of Responsibility (SoR)
- Information and communication
- Information sources, board packs and other MI
- Informed decision making and challenge
- Information flows, external briefing and reporting
- Internal Communications
- Competent performance
- Board / Committee appointments, roles and responsibilities
- Competence standards, assessing and maintaining, including FIT criteria
- Induction, training and professional development
- Performance Appraisal
Understanding how to assess and evaluate these effectiveness criteria
- Guidance and direction on internal evaluation methods and good practice which will enable a firm to assess board effectiveness in areas such as :
- The governance control framework
- The mix of skills, experience and diversity of the Board
- The effectiveness of CPD and professional development undertaken by the Bard
- Leadership style and supportive environment provided by the Chairman
- Working together effectively, Individuals and their level of contribution
- The quality of information provided to the Board
- The speed and effectiveness of decision making
- The balance of discussion and time spent on strategy and governance
- The recording and reporting undertaken
- Understanding and satisfying appropriate regulatory requirements
- Communication style and methods
Understanding hot to use the information to Identify areas for improvement and build an action plan
- Recognise strengths and areas for improvement
- Establishing priorities
- Engaging as a team to construct an Action Plan
- Success measures, timeline and progress reviews
Meet The Tutor
John is a results oriented business leader with extensive experience both as an independent consultant and at a senior level with the UK’s largest insurer. He has a reputation for successfully steering industry wide strategic level projects, delivering high quality commercially focused outcomes.
A highly effective leader and coach with excellent communication and relationship skills. Able to think strategically, challenge the status quo, propose and deliver innovative solutions to business problems.
He has a strong financial services industry knowledge and recognised expertise in corporate governance, strategy, performance and productivity improvement, regulatory change, T&C policy and sales process application.
Who is this course for?
This workshop is perfect for anyone involved with their firms internal evaluations.
Training that makes a difference
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With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.
Packed with relevant information
We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.
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Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.