Non Executive Director Search, Corporate Governance
Non Executive Director Search, Corporate Governance

Non Executive Director Search, Corporate Governance

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Highlights

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Board Assessment

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Board Assessment

“Companies should disclose the process for evaluating the performance of the board, its committees and individual directors” ASX Corporate Governance Principles and Recommendations (2nd Edition)

The board has to prove its worth, just like all other parts of the company. If the board is not adding value to the company, then it is not functioning as it should and the company’s performance will almost certainly be sub-optimal. 

ProNed are leaders in the field of corporate governance having served for over 40 years on the Boards and Senior Management teams of Australia’s leading corporations.  We are able to offer 2 solutions for your board assessment process. These can be completed individually or combined to deliver substantial and rigourous analysis of your board.

Tradition v Technology: Which board assessment method should you use?

Interview

This is considered the more traditional method of board evaluation. The process starts with ProNed conducting face-to-face interviews with individual directors based on a structured questionnaire. Each director is then asked to provide a written statement of the contribution they are making and intend to make to the board. Finally, a peer assessment is completed where directors are asked to comment on the performance of their fellow board members. Following the interviewing process ProNed provides an indepth analysis of the current 'health' of the board and recommendations for development.

Benchmark with BPI

ProNed have partnered with Professor Sydney Finkelstein of Tuck Business School to bring you one of the most comprehensive and rigourous Board Assessment services available in Australia. Based on an 8 year study of over 50 leading corporations, Professor Finkelstein has developed the Breakthrough Performance Index (BPI). The BPI is based on a highly detailed questionnaire that is completed individually and privately by your board members.  Results are then collated and development recommendations are provided by ProNed.

Benchmark Data on 150 Major International Corporations
These major companies who have contributed to the BPI database include Fujitsu, BP, BASF, Sodexho,Citigroup, Mitsui and Alcatel.

Focuses on the 15 Critical Leadership, Strategy and Process Differentiators
100 questions deliver compelling and accurate insight into the leadership, strategy and process capabilities of your board.

Secure, Web-Enabled Interface
The questionnaire takes 20 -30 minutes to complete.  It is fully web-enabled which means you can complete it at any time from anywhere in the world.

Real-Time Results
You don't wait weeks for the results.  They are available as soon as questionnaires have been completed.

Senior Management Team
The BPI can be extended to your senior management team and 2 tiers below, providing a comprehensive assessment of your company's management capability.

Repeatable
It is simple to track performance improvements over time. Your organisation can repeat the BPI as frequently as required.

Contact

Contact Philip Higginson in Sydney (02 9969 1911) or Alan Castleman and Dr Robert Barnes in Melbourne (03 9642 0222) to discuss how your organisation can use the BPI.