SIDs, NEDs, CEOs, Executives, Company Secretaries and service providers. We have listened to and learned from their experience. For many, the methods applied to Board Evaluation have not evolved beyond a mandatory ‘tick-box’ exercise with a few cursory sentences in the Annual Report. There is little evidence to suggest they add real value or bring a fresh perspective to the evaluation of a board’s effectiveness. Indeed, quite the opposite. Recent PLC failures highlight that the conclusions of some external Board evaluations have been embarrassingly inaccurate.
Some stakeholders have observed, a lack of choice, informed insight or innovation. Responding to this need, Baxter Neumann have developed a range of Board Evaluation solutions to suit different business needs around annual and 3-yearly Board Evaluation reporting; the desire to be more forensic and strategic, to look at individual Board behaviours, as well as process, and how they impact effectiveness.
From experience we know that the behavioural dynamics are key to whether a Board succeeds or fails. Processes, structures and procedures can only do so much. Our solutions enable clients to understand the whole picture.