To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
Board evaluation is an integral part of corporate governance and helps boards operate more effectively. To further the still evolving practice of board evaluation, Tomorrow’s Company in partnership with The Chairmen’s Forum has published its latest guide, ‘Tomorrow’s Corporate Governance – Improving Board Evaluation for Greater Board Effectiveness’.
Tomorrow’s Corporate Governance: Improving board evaluation to achieve greater board effectiveness is the fifth in a series of guides and tool-kits from the Tomorrow’s Good Governance Forum for use by chairmen, boards and advisors, to help achieve practical change. This guide offers examples of good practice to help chairmen get the best value from the board evaluation process.
The origins of this guide lie in discussions held with Sir David Walker, John Barton, Geoffrey Howe, Richard Sermon and a number of leading chairs which identified that it would be helpful to capture some of the common issues and learning from the still evolving practice of board evaluation.
The guide explores best practices and behaviours focused on improving board dynamics. A guiding set of principles has been developed to get the best value from the board evaluation process. This includes:
Over 30 experienced chairmen and a similar number of company secretaries, investors, leading evaluators and other specialist discussants were consulted for this guide to highlight some of the widespread and recurrent themes and issues.
John Barton, chairman of easyJet plc and Next plc, in a foreword to the guide writes:
“The board… is arguably the most important body in any company. How it exercises its duties and influences its business is probably the most important issue facing chairmen and directors today. To make sure it is effective a board must have some way of measuring and reviewing its performance with a clear path for updating and improving itself. This guide contains many useful tips on how to conduct and get value out of the evaluation process.”
Richard Sermon, chief executive, The Chairmen’s Forum:
“This guide has been written primarily with chairmen in mind – it is for each board to determine how it undertakes ‘a formal and rigorous, evaluation of its own performance’ each year and the basis upon which it conducts ‘an externally facilitated review’ every three years. This is not an area for a ‘one size fits all’ approach and so you will find nothing which is prescriptive in these pages but rather insights, ideas and examples of ‘what good looks like’.”
Mark Goyder, founder and chief executive, Tomorrow’s Company:
“The challenge of board evaluation lies in fulfilling both the internal purpose – which requires the privacy of the confessional – as well as the external purpose, which requires a public sharing of what has been learned and what may change. So far only a few have managed it. It is hoped that this guide will help more do so.”
In January 2020, Tomorrow's Company co-hosted a major Financial Inclusion Summit, to launch our report into the role of employers...
Mental health in the workplace has gone from a fringe idea to being mainstream and top of the agenda in…
Dear Readers, Here are a few articles published in the last few days that address issues – such as mental…
We need a social contract that is fair, so that everyone has the chance to progress.
Joining Russell Goldsmith at the London offices of GSK to discuss this issue, were Kerry O'Callaghan, VP for Global Brand...
Tomorrow’s Company is proud to announce a partnership with the c suite podcast, a monthly show covering topics such as Marketing…
Press return to search