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Covid-19 has thrust the effectiveness of boards and directors to the forefront. As businesses embark on the rebuilding journey, boards must relook at their readiness and agility to respond effectively to the changes in the business landscape. What are the lessons learnt from this crisis, particularly regarding business resilience and the effectiveness of its crisis and risk management responses?

A good response is deeply rooted in a well-functioning board that has the ability to carefully balance between providing support to the management and challenging them to ensure the best decisions are made.

The current situation has shed light on the importance of a diverse board. A group with a wide breadth of experience, industry and functional expertise of different ages, genders and backgrounds can bring a much broader perspectives and insights when addressing challenges and concerns.

This crisis presents an opportunity for boards to seize the moment and step up their game to provide the crucial guidance for critical thinking and fundamental rebooting of strategies under the toughest circumstances. As such, a board assessment can shed light on the soundness and robustness on the functions of the boards and their oversight duties.

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The ICDM Board Effectiveness Assessment (BEA) has been developed based on the Board & Directors Effectiveness Evaluation (BDEE) framework of 8 key parameters, but with a special focus on assessment of the board’s competency in their heightened responsibilities in overseeing the crisis-related issues.

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For the post pandemic era, boards have to develop resilient leadership for recovery. Therefore, the BEA will address the immediate challenges facing boards in their capacity to respond to crisis scenarios.

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MEET THE FACILITATORS

   

Our experienced facilitators have conducted board evaluation for listed companies of various sizes in Malaysia and globally across a broad range of industries. Other regional facilitators with industry-specific experience are available upon request.

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REACH OUT FOR A CONVERSATION

If you would like to begin the process or have any questions regarding the assessment, we are happy to set up a meeting to address your queries.

 

Drop us a note:

Jackie Mah | +6012 336 5525 | jackie@icdm.com.my

Haniza Ahmad |+6019 368 5716 | haniza@icdm.com.my

Siti Baizura | +6016 246 5526 | baizura@icdm.com.my

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