How is your company doing in terms of enterprise risk management? Are your top execs and board aligned on company risks and how to handle them? For many companies, this is an area ripe for continuous improvement. Part of the board’s role is to oversee this process, ensuring that major risks are identified and mitigated.
Does your board know how to engage well with stakeholders and report on this important activity? As many companies know, the UK has a long tradition of having a corporate governance code which includes detailed guidelines on how the board should engage with and report on involvement with stakeholders. More and more countries are following
Has your company remembered to include in your Annual Report, the right information regarding your 2022 board evaluation? In the article below we highlight some good examples. Every year, Leadership Advisor Group does in-depth desk research to understand how companies are reporting the procedure and conclusions of their annual board evaluations. Good reporting shows transparency
Celebrate your Corporate Secretaries for their invaluable contributions to the board! At Leadership Advisor Group, we have the great pleasure of working closely with a significant number of extremely professional boards. From our large pool of data, we know that having a “good” Chair is a strong indicator of a value-creating board. However, what many
To be among those with top class boards of directors, companies should continue to improve how they evaluate their boards and how they report the findings During 2022, Leadership Advisor Group analyzed how well the Danish C25 companies met the recommendations for conducting and reporting board evaluations. These companies often serve as role models for
This report from the UK Financial Reporting Council (FRC) provides good inspiration for boards of directors of listed European companies, on why and how to move away from treating governance reporting as simply a compliance exercise, using it instead to build transparency and stakeholder trust. For the 2nd year, the FRC reviewed how a random
Here are examples of modules to consider for an in-depth third-party / external evaluation In the current environment of rapid change, boards are asked to play an even more crucial role in steering their companies through turbulent times. This means that ensuring the right non-executives are at the table and maximizing the board’s effectiveness
To be among the companies with top class boards of directors, Danish companies should be evaluating their boards annually and with a high quality process. The guidelines as of April 2020 strongly recommended the following: • That the board of directors establish an evaluation procedure for an annual evaluation of o the board of directors
Do you know what process to use and topics to include in your board evaluation? Review our checklist for your board evaluation below. Your overall goal should be to create a foundation for an open discussion of how to continuously improve the work of your board. You also want to evaluate whether the board has the
Boards and companies often feel weighed down when handling and reporting on corporate governance It can seem like a heavy burden to comply with the recommendations / code and is sometimes seen as a “tick the box” exercise. A few boards even try to handle assessment of compliance in one meeting, as if
