GOVERNANCE
External Board Performance Assessment and Review
360⁰ CEO Performance Evaluations
Board Remuneration Benchmarking
Governance Structure Review
Board Committee Performance Assessment and Review
Annual Reports
Strategic Risk Management
Policy, Governance and Compliance Reviews
EXTERNAL BOARD PERFORMANCE REVIEW
The performance of the board is critical to the success of an organisation. The board is an important strategic asset and should reflect a diverse mix of skills and knowledge with a culture of respect, transparency, accountability and encourages constructive debate. Improve the effectiveness of your Board with an external evaluation from an experienced consultant with the ability to benchmark performance against other similar organisations.
In line with AICD guidelines and any other relevant policy, an independent board assessment can consist of:
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Survey to board members to assess the collective board performance, subcommittees, individual directors and the Chair
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Analysis of results collectively and individually
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Skills matrix for board and subcommittees
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Review of governance documents and policies
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Review of board reports and papers
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Presentation of results to the Board
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Board Performance Evaluation Report
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Board Improvement Action Plan
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Board Performance Benchmarking against similar organisation
We conduct board performance reviews Australia wide.
CEO PERFORMANCE EVALUATION
Accountability for performance outcomes is a key component of good governance and as the most senior executive in the organisation, it is important that a formal review is conducted at least annually. A CEO Performance Evaluation may include:
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Comprehensive review and evaluation including 360º feedback from stakeholders.
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Review and assessment of historical performance consistent with CEO’s employment contract, position description, KPIs and business objectives.
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Face to face interview with Chair and Board representatives
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Identification of professional development and training opportunities to improve future performance.
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Setting of future KPIs in alignment with the organisation’s strategic objectives.
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Comprehensive report to the Board on the CEO performance including any recommendations.
ANNUAL REPORTS
Compilation and development of Annual Reports information including governance, finance and supplementary disclosures and information. Financial statements and other financial disclosures can be completed in line with relevant accounting standards and regulations. Specialising in Victorian Government Standing Directions of the Minister for Finance and Standard Disclosures. Can be completed Australia wide.
POLICY, GOVERNANCE & COMPLIANCE
Free up your staff to focus on working on your business and outsource your requirements relating to updates to policies, governance and compliance.
Policy and procedure writing tailored to Australian regulations
In depth governance reviews for board and executive alignment
Independent compliance reviews
Financial Management Compliance (State Government Entities)
Victorian Government Risk Management Framework
Other Corporate Governance Compliance Activities
Servivces are offered Australia wide.
RECENTLY COMPLETED PROJECTS
Directional Review of Board Remuneration and Governance Settings
Review of the remuneration and governance settings of the Board to support a stable, capable and sustainable Board over time, aligned to the size and complexity of the organisation.
Projects included the following:
• Review relevant background documents
• Meet with key personnel for background research
• Review benchmarks of similar organisations
• Draft options report
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Concise options report
INDEPENDENT REVIEW – BOARD PERFORMANCE AND STRUCTURE
Completed a review of the governance structure board performance review in line with AICD guidelines. The review included:
• A collective assessment of the effectiveness of the whole Board overall
• The self-assessment of individual board members
• The assessment of the performance/effectiveness of the Board Chair
• Interviews with individual board members, CEO and executive managers
• Skills and Diversity Composition Matrix
• Review of key planning documents including policies, board charter and constitution
• Review of Risk Governance structure and documents including policies, board charter and constitution
• Review of recent set of board papers
• Presentation of results to the Board including facilitated discussion
• Board Governance and Evaluation Report
EXTERNAL BOARD PERFORMANCE ASSESSMENT AND REPORTING
Completed a governance and board performance review in line with Government/AICD guidelines. The review included:
• Develop online surveys (whole of board/360 assessments) and distribute to all Board members
• Individual one on one interviews with board members
• Independent Board Observation & Review Of A Meeting
• Review Of Governance Structure/Documents & Review Of Board/Executive Reporting
• Comprehensive Board Performance Evaluation Report
• Presentation of Results and Board workshop
• Individual Director Performance Reports and Development Plans
AUDIT & RISK COMMITTEE EXTERNAL REVIEW
Under the Standing Directions of the Minister for Finance (Victorian Government Entity), the Board must formally review the Audit Committee’s performance and membership at least once every three years. The membership aspect of the review will help to ensure the individual members, and the overall composition of the Audit Committee continue to meet performance expectations and membership requirements (Direction 3.2.14)
• Create online survey and distribute to Audit & Risk Committee members
• Review of membership composition, committee charter, agenda and meeting papers
• Audit & Risk Committee Review Report