Board reviews are an important part of good corporate governance. A Board demonstrates commitment and leadership by conducting a Board review and instituting appropriate improvement initiatives.
Benefits to Investment Managers
• Highlights to the Shareholders their commitment to good corporate governance
• Demonstrates willingness to provide governance transparency
• Increases ability to identify potential weak areas and risks
• Improved Board effectiveness improves the organisations performance
• Demonstrates accountability to Shareholders
• Broadens investor base potential to include conservative Institutional Investors
Benefits to Shareholders
• Transparency of Board composition and effectiveness
• Confirmation of committment to high standards of corporate governance
• Confirmation that the Board is targeting Industry Best Practice principles
• Reducing “Head Line Risk”
Benefits to the Board
• Increases Board’s ability to construct a roadmap for improving effectiveness
• Opportunity to receive objective feedback on the functioning of the Board
• Demonstrates the Board’s effectiveness compared to Industry Best Practice
• Demonstrates commitment to good governance and accountability to Shareholders
• Annual objective benchmarked review improves performance and monitors progress over time
• Board governance is evaluated in a meaningful and cost effective way