Board Evaluation and Training

Board Evaluation

Board Evaluation is the most effective way to ensure Board members understand their duties and adopt effective good governance practices. To be effective, boardroom appraisals need to have specific, clearly defined steps and practices, and a special commitment from the Board.

We provide such Board evaluation services to set the standard of performance and improve the culture of collective action by Board which results in:

• Improving the performance of Board towards corporate goals and objectives.
• Assessing the balance of skills, knowledge and experience on the Board.
• Identifying the areas of concern and areas to be focused for improvement.
• Identifying and creating awareness about the role of Directors individually and collectively as Board.
• Effective Coordination between Board and Management.
• Overall growth of the organization.

We provide the following services that relate to Board Evaluation:

• Internal Evaluation: In case of internal evaluation, the Board is responsible for managing both the process as well as the content. We provide such assistance to the Nomination and Remuneration Committee to help evaluate the Board by a standard questionnaire and/or through one-on-one interviews.
• External Evaluation: Externally facilitated evaluations are undertaken with the assistance of an external expert, this adds to the level of independence of the evaluation. We conduct such one-on-one interviews to ensure the performance of the Board is improved and overall growth of the organization is maintained. This approach is also recommended by the UK Code for Corporate Governance for FTSE 350 companies and also in the revised ASX Corporate Governance Council Principles & Recommendations.
• External Evaluation: Externally facilitated evaluations are undertaken with the assistance of an external expert, this adds to the level of independence of the evaluation. We conduct such one-on-one interviews to ensure the performance of the Board is improved and overall growth of the organization is maintained. This approach is also recommended by the UK Code for Corporate Governance for FTSE 350 companies and also in the revised ASX Corporate Governance Council Principles & Recommendations.

Board and C-Suite Management Trainings

We at Shilpi Thapar and Associates believe that in an ever changing and fast paced corporate world, training and development is an indispensable function. Board and C-Suite Management i.e CEO, CFO Training programs can have a huge impact on a company as they go a long way to produce targeted and tangible results for the business. Our mentor, CS Shilpi Thapar has had years of experience of imparting training to the Board of Directors, Aspirant Directors and C-Suite Executives. She has also authored a book “How to succeed in the Boardroom?”. Formal director training helps directors to understand the legal implications of their new role and the responsibilities of company boards, What are the challenges of the new role, What do other board members expect from them, How to handle responsibilities as Board member, What practical steps they should take to improve their awareness, develop new skills, establish yourself in your new role.