Board Alchemy

What should a board review look at?

Board review

What should a board review look at?

These are seven key themes which a board effectiveness review should address:

1.  The board’s role and responsibilities

For example…

  • does the board have a clear role and remit and is this understood?
  • is the difference between the role of the board and management evident?
  • are the boundaries of non-executive responsibility clear?

2.  Skills and experience

For example…

  • does the board have the right skills for now and the future?
  • do board members display the right attributes and behaviours?
  • how effective is succession planning?

3.  Board dynamics and culture

For example…

  • is there an appropriate board culture and a constructive mindset?
  • is there effective challenge, and sufficient support and engagement?
  • are the right relationships evident (e.g. between the Chair and Chief Executive, and amongst the Non-Executives Directors and the Executives)?

4. Use of the board’s time

For example…

  • is agenda planning effective, so all necessary board business is covered?
  • does the board focus on the important areas, and avoid the trivial?
  • are meetings well chaired so that debate is encouraged, yet time well managed? 

5. Board information

For example…

  • is board information clear, concise, insightful and relevant?
  • is the purpose of board information clear?
  • is information made available on a timely basis, for meetings and between? 

6.  Support for the board

For example…

  • does management display an attitude that is supportive of the board?
  • is effective support provided by the company secretary’s team?
  • is there an appropriate committee structure that supports the board’s work?

7. Engaging with stakeholders

For example…

  • does the board have a good understanding of investor and stakeholder views? 
  • is there a good picture of employee viewpoints and sentiments?
  • does the board communicate effectively, internally and externally? 
 

What does a board review entail?

How do you scope an external board review?

What should a board review look at?

How do you choose a board reviewer?