Over the last decade-regulators, institutional investors and the media have bombarded Companies, both public and private, with requests for enhancing governance standards. Regular corporate failures and highly publicized “scandals” will ensure that the governance demands on business leaders will increase and become more onerous.
It is, therefore, essential that Boards evaluate their approach to fulfilling their roles and responsibilities so that continuous improvement is achieved and value is added to the operations of the Organisation.
The successful Board needs to know the answers to the following key questions, which EMG can help answer?
Is the Board spending time on the critical strategic objectives and the key risks for achieving them?
Does the Board have the information, skills and experience to make the right decision?
Does each Board member have an input to those decisions and do Board members work effectively as a team?
Are the Board’s messages being communicated clearly and implemented consistently?
Explicit assessment of the performance of the Board as a whole, not just on the basis of individual Directors’ contributions, is a growing trend and the starting point for improving your Board’s performance.
EMG’s independent facilitation and management of the process also allows Board members to focus on SEBI’s Corporate Governance guidelines and develop a tailored response framework. |