Establishing your "North Star". IoD Ireland's Board Evaluation Service enables your board to better execute its roles and responsibilities.
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An IoD Board Evaluation is:
- A confidential and trusted process
- Designed for your board and specific context
- Conducted by experienced Board Assessors with in-depth knowledge of:
- PLCs
- Regulated financial services entities
- Large private companies
- SMEs
- State and semi-state bodies
- Charities and Not-for-Profits.
- Backed by a 15-year track record in delivering high-quality board evaluations
- A mechanism to support a board's leadership role in strategy, risk appetite and culture formation.
An IoD Board Evaluation supports your board to:
- Facilitate informed and high-quality decision-making influencing the organisation's future trajectory
- Leverage director insights and experience
- Align board composition with the contextual needs of the organisation
- Ensure accountability to all stakeholders including capital providers
- Unlock value for the organisation and stakeholders
- Meet its statutory responsibilities
- Facilitate reflection by each director of his/her/their contribution to the board.
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- Strategy and stragetic formulation
- Board influence and oversight of culture within the organisation
- Performance and measurement of results
- Board oversight of risk management and internal control
- Stakeholder engagement
- Board composition, diversity and dynamics
- Meeting processes and the business of the board
- Board decision-making processes
- Performance of the chair
- Board committee effectiveness and contribution to overall board effectiveness
- The extent to which the board is set up for success
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Online Board Evaluation Questionnaire
- Designed specifically for your board.
- Targeted statements and questions are written specifically for your board, its committees, and individual directors, as applicable, to elicit valuable and practical feedback about board dyanmics, operations, structure, performance and composition.
- We tailor each online board evaluation questionnaire and ensure alignment with the objectives of the company sectary, the chair, and the CEO.
- The process always protects confidentiality.
One-to-One Interviews
- Our experienced Board Assessors conduct in-depth one-to-one interviews.
- Well-planned, skillful interviews elicit valuable, detailed, sensitive, and candid director feedback.
- Our Assessors know what to look for and where to probe, providing vital insights and recommendations.
- The combined use of an online board evaluation questionnaire and interviews is in our opinion often the most effective evaluation methodology.
- One-on-one interviews take place virtually with board directors and, if agreed, the executive management team (if recommended).
Board and/or Committee Observations
- Observing board dynamics and exchanges between directors during live board or committee meetings provides useful insights, supports and recommendations for improvement, particularly related to the quality of board discussions.
- By observing your board in action, we can gain deeper insights to shape the integration of our recommendations.
- Your board can expect a detailed yet digestible report. It will outline key findings and include Assessor recommendations to further enhance the effectiveness of your board.
