Performance Appraisals on Offer
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Our board appraisal
offering comprises of facilitated self assessments of the:
-
Board
-
Board Committee/s
-
Chairperson of the Board
-
Individual Directors
-
Company Secretary
Why do a Board Appraisal?
King III recommends yearly
performance appraisals of individual directors, the board, board committees and
the chairman, which has the following benefits:
A well-conducted board appraisal will assist
in benchmarking the board's performance against established best practice;
It allows for some reflection on the role of
the board, what its objectives are, and how it has fulfilled those objectives;
It allows for in-depth consideration of what
resources the board might need in order to achieve its goals which informs the
recruitment and appointment of directors;
It provides a forum through which directors
can consider the ways in which the board contributes to the overall goals and
strategy of the organization;
It provides a basis for
identifying future training needs.
Why use the IoDSA to facilitate?
King III also recommends
that the board should carefully consider whether the evaluations of performance
and independence should be done in-house or conducted by independent service
providers, subject to legislative requirements.
An ongoing relationship
with the IoDSA Board Appraisal Services is beneficial for the following reasons:
Customisation
We design the assessment tools specifically
tailored to the operations, strategy, and needs of the individual client and
its board
.
Relevance
Our tools address criteria considered to be
most critical in maintaining effective boards and board committees including
its overall composition, responsibilities, board committees, interaction with
management and conduct of meetings. These tools also cover assessment of the knowledge,
skills, duties and personal attitudes of each board member, the chairperson as
well as the company secretary.
As the custodians and copyright holders of
the King Report, we remain in front of the curve in the development of
corporate governance and are thought leaders in the subject, promoting the
principles of good corporate governance both locally and internationally.
We make use of highly experienced
facilitators who have served as lead executives at various large organisations and
currently chair and/or sit on a number of boards.
Once a facilitator builds a
relationship with a board appraisal client, their wealth of institutional
knowledge grows and hence their interpretation of the results and interview
responses becomes more targeted.
Confidentiality and Security
Confidential third-party interviews with the
directors elicit candid, honest and frank input, as the use of an independent
third party to facilitate the board appraisal provides a non-threatening medium
though which directors can air their views.
The involvement of an independent facilitator
provides confidence to shareholders and other stakeholders.
Benchmarking
The
IoDSA
has conducted over 80 board evaluations in both the
private and public sectors over the past 5 years and is regarded as one of South
Africa's most experienced service providers in this field. Due to our extensive
experience in this field, the IoDSA is able to add the unique benefit of
providing benchmarking against the comprehensive database of rankings developed
over the past three years to enable companies to assess the quality of their
board's performance in relation to other similar organisations.
A continued relationship with the
IoDSA will allow you the ability to establish a benchmark against previous performance
that can be tracked over time. This will in turn enable your company to:
-
assess
the effectiveness of action plans; and
-
report
meaningfully to stakeholders.
For follow up board appraisals,
we provide the ability to build on previous years' results, thereby optimising it
as a tool for continual improvement over the longer term.
Board
Appraisal Services Contact
Londeka Thabethe
Board Appraisal
Services Co-ordinator
Email:
londekat@iodsa.co.za
Tel:
011 430 9900
Fax:
011 444 7907
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