Combining these two approaches is a further option. An example of this approach would be for us to carry out a questionnaire with your Board, and then, subject to this analysis, interview some or all of the Board members before completing our final presentations.
‘EquityCommunications Ltd undertook an extensive evaluation for the Board of KWERE plc in late 2016/early 2017. We asked them to first conduct a questionnaire-based assessment and then follow this up with interviews based on the key issues arising from the questionnaire.
‘As the Chair, I really valued the thorough and diligent approach that they adopted, enabling us to reflect on the many highly positive characteristics that our Board displays. Crucially, it has also enabled us to focus on a small number of areas where we can make adjustments – often fairly minor– in order to improve even further. Throughout this process, they kept me fully briefed and I valued their honesty, frankness and support in working with me to deliver even better processes.’ Charlotte Valeur, Non-Executive Chair, Kennedy Wilson Europe Real Estate plc
This flexible option begins with a questionnaire covering all Board members and can then be extended if you wish to include a follow-up series of two-to-one meetings with some or selected Board members. You might do this because you want to explore specific issues with specific Board members, or because your Board size – often this would be a larger than average Board – would make interviews with all Board members unwieldly or too lengthy. Some clients opt for this approach at the outset. Others begin with a questionnaire and then, having reviewed the emerging picture, decide to extend the process in order to gain further insights.
How Does this Approach Work in Practice?
The process begins with a questionnaire as above and then we will draft a short series of follow-on questions based on the areas that have emerged, and which will form the basis for two-to-one meetings with a selected group of Board members.
What Happens Next?
- We prepare a detailed draft report which will be discussed with you.
- A final report is submitted to the Chair. This comprises: a brief Executive Summary; the detailed report we have produced; all our recommendations. The Chair will then share this with the Board.
- We are always very happy to meet with you again, and if you wish, to attend a subsequent Board meeting to present and discuss the report.
- We are happy to draft or suggest appropriate wording on the evaluation for your subsequent Report and Accounts.
Contact us now to take this forward.