Evaluating before the failures
The UK Post Office scandal highlights critical importance of ethical leadership, accountability and stakeholder engagement.
A high-performing board doesn’t happen by chance. It requires regular reflection, assessments and a commitment to continuous learning and improvement.
Regular independent board evaluations are crucial for driving board performance and can support greater cohesion, help address weaknesses, increase skill levels and demonstrate a commitment to accountability.
Recent reviews into board conduct and misconduct have highlighted independent board evaluations as a key tool for supporting board functioning, and to help build resilient, transparent and ethically sound organisations.
We have created this five-step quick guide to help you consider the key aspects of a board evaluation to ensure it delivers real value.
For more insights from the Reserve Bank of New Zealand and Financial Markets Authority governance thematic review and the New Zealand Rugby Union Governance review you can read our article on. Is your governance structure fit for purpose? or our article based on the IoD UK’s white paper with key lessons for directors from the UK Post Office Scandal Inquiry.
If you’re thinking about a board evaluation, the IoD offers a range of board evaluation solutions to suit your individual needs, or contact our Governance Services team.