1. What is the difference between a ‘board appraisal’ and an ‘individual director’s appraisal’?
A board appraisal is a collective view of the board as a whole whilst an individual director’s appraisal looks at each director individually.
2. What are the appraisal timelines?
Depending on the type of appraisal being conducted, generally it can take 4-5 weeks for a basic appraisal (i.e. no interviews) and 7-8 weeks for a comprehensive appraisal (i.e. with interviews). This duration however is impacted by how long it takes directors to complete the questionnaire/s and/or availing themselves for the interview.
3. How does the IoDSA conduct an appraisal?
Our methodology for a comprehensive appraisal consists of 6 phases, namely:
4. Can we qualify for a discount if we choose to conduct an appraisal with the IoDSA?
Yes. You qualify for a 15% discount on your board appraisal fee if you have an active IoDSA Corporate Membership. NPO’s qualify for a 20% discount and charitable NPO’s qualify for a 50% discount on their board appraisal fee.
- Phase 1: Understanding the status quo
- Phase 2: Tailoring, distribution and collection of the appraisal questionnaires
- Phase 3: Analysis of the quantitative results
- Phase 4: Director interviews to substantiate results
- Phase 5: Drafting of reports
- Phase 6: Presentation of results
5. Who conducts the board appraisals?
We have a team of facilitators who are experienced and currently serving directors who understand the practicalities of the boardroom and thus are able to analyse and provide practical recommendations in the appraisal.
6. How much does a board appraisal cost?
The cost of an appraisal varies depending on a number of factors, such as but not limited to:
- Type of appraisal conducted (basic – no interviews vs comprehensive – with interviews)
- Scope of appraisal (board, board committees, individual directors, chairman of the board and/or the company secretary)
- The number of directors on the board
To receive a proposal for your organisation, contact us today.