Our Assessment tool has been designed to systematically
measure perceptions, policies and procedures with the objective
to identify areas of risk a board may be facing while ensuring
practices and processes work in a structured and transparent manner.
Valeo International Limited offer a number of assessment tools
– ranging from the Complete Package to areas of special interest.
The Complete Package provides you with a 360 degree assessment
of various aspects of governance. A board self-assessment,
based on the concept that a board of directors should periodically
assess and reflect on its performance in carrying out key board
responsibilities is stage one. This package has been designed
to encourage members of the board to reflect on the collective
contribution made by the board members, and the strengths and weaknesses
of the current processes. These are then rated each against accepted
and sound practice.
The overall ratings can also compared with the ratings arrived
at from other review processes. In this way the board gains an
appreciation of what other interested parties perceive how the
board is functioning. The overall rating and/or activity
ratings from the various components in each subset can also be
compared with industry ratings allowing boards to know how effective
their practices and policies are within that industry.
The information provided in the report gives a catalyst for board
discussion and a means to further improve the performance of the
governance team. It is an effective process for aligning
expectations, developing standards and procedures, builds a team
spirit and encouraging an open and trusting environment with transparency
and accountability being vital elements.
Alternatively you can select to have a module that assesses:
- Self-assessment of the Board
Board self-assessment
allows the Board to reflect on its performance in carrying out
its obligations and to consider how those obligations are carried
out. It has not been designed as a report card
or a way to identify any board member who is not performing. Properly
conducted our self assessment offers both tangible and intangible
value to the participating board, the organisations chief executive
and the senior management team – in other words the total governance
team. The outcome is beneficial to the organisation
as a whole and ultimately to the people with an interest in the
organisation.
- The Chair – Chief Executive Review
The success
or failure of a Board is often linked to the strength of the
chair and Chief Executive Officer’s relationship. This
module has been designed to assess the complementarities of
that relationship. The questionnaire is substantially drawn
from acknowledged ‘best practice principles’. Once completed
you will quickly appreciate the way this relationship works. When
this relationship is functioning well it enhances both the culture
of the board and the decision-making climate.
- The Competencies and Abilities in the Boardroom
For
many years emphasis has been placed on securing high profile
directors. However, high profile directors may not
display the same behavourial characteristics when working with
directors on another board if the competencies and abilities around
the table are not inducive to good decision-making. Valeo
International Limited’s competency mapping tool allows
Boards to evaluate the abilities around the board table and consider
the collective strength in line with the organization’s long-term
strategic objectives. This tool is of great value especially
when selecting a new board member, increasing the chance that the
right person is appointed.
- Board – Management Review
Management brings
most of the information needed to the board table. Its ability to serve the Board is often overlooked. Valeo
International Limited advocates that a review in this area ensures
the top teams at the apex of the organisation are working in unison
with the Board for the betterment of the whole organisation.
- Board – Chair Review
The way the Board works
is usually an outcome of how the Chair facilitates the board
meetings, evaluates individual performance and how he or she
manages the major shareholders\stakeholders. High
performing chairmanship does not always imply all board members
are also high performing or making a solid contribution to the
decision-making process. An independently carried out assessment
allows directors to evaluate the performance of the chair and fellow
Board members openly and honestly knowing that their comments and
assessment will be delivered as a collective, not individual, report.
Although this methodology employed can be applied to governance
teams of both large and small organisations the cost of the assessment
will depend on the organisation’s size and complexity.
Once any of the modules are completed your governance practices
and policies can be compared with other organizations within our
database by either:
- Number of employees,
- Industry sector the organisation works in
- Number of shareholders
- Size of the board
- Revenue generated
- Country.
So why should your Board be assessed?
Assessments provide board members with an opportunity to:
- Reflects on their responsibilities
- Identifies different perceptions and opinions among board members,
management, shareholders and stakeholders.
- Points to areas that need attention
- Provides the Board with a springboard for board improvement
- Increases the level of team work and builds a climate based
on trust
- Demonstrates that accountability and transparency are serious
values
- Provides credibility and reassurance with funders and other
external audiences
- Is confidential and reports only collective findings
Key Benefits your Board will enjoy:
- Credibility with various Stakeholders
Independently assesses your governance policies and practices
- Receive vital feedback
Compares Board perception with that of its various Stakeholders
- An easy and quick way to review progress
Its accessible framework makes it simply for many parties to participate
- Measures, comparisons and rating of Performances and
Perceptions
Its benchmarking tool opens up areas for improvement
- A focus on Risk management
The risk assessment tool assists a Board to carry out one of its
key obligations – to protect the shareholder from unnecessary risk
taking.
- The outcomes from a Flexible Business tool
Modular or Master Assessment tools are cost effective.
- Knowing areas where improvement will enhance Board
performance
A comprehensive method for focusing and invigorating board activities.
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