High standards of corporate performance and governance benefit companies, the economy and the community. A critical element in achieving higher levels of performance is a continuing improvement in board performance and effectiveness. To ensure this is occurring, boards need to adopt a process of rigorous evaluation of their performance and that of their directors.
The AICD prepared this guide to assist chairmen and directors to design and implement an effective and suitable evaluation approach. Evaluating Board Performance also assists in advising how they can handle the reporting of the evaluation in a way that gives assurance to shareholders and investors that appropriate processes are in place, that these are effectively implemented, and that they are consistent with good corporate governance.
|