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Uncovering Strengths, Addressing Gaps & Fostering Continuous Improvement
Based on IOD’s ‘10 Pillars’, a review of the Governance setup including structures, frameworks, policy, functioning, and various other aspects enables directors, and the organisation to understand, how well the Board is operating in a number of key areas.
The 10 Pillars are:
Company's Purpose & Vision
Strategy
Board Effectiveness
Board's Role & Responsibilities
Board Skills, Diversity & Culture
Board's Risk Oversight
Digital Transformation
Board's oversight
Corporate Social Responsibility
Strategic Foresight of the Board
Evaluation of the Board’s Strategic Oversight
Board Committees’ Evaluations
Board Effectiveness Enabler Analysis
Board of Directors’ Skills Analysis
Board Composition
Best industry practices
GAP Analysis of the Governance Practices; and Recommendations
Review of framework for annual review of board/board members' performance
Recommendations on any system for board management & governance
