Getting the most out of your board evaluations
Our Board and Directors Effectiveness Evaluation (BDEE) Framework is designed to empower boards in achieving peak performance and governance excellence through candid discussions in prioritising what should be addressed.
ICDM’s BDEE Framework
- Comprehensive 360° Board Assessment
10 key parameters
Targeted evaluation focus
Candid feedback
Verified insights
Objective - Choice of Facilitators
Foreign &/or local
Relevant experience & background - Constructive
Confidential interviews
Document reviews
Online surveys
Observations
Facilitated dialogues - Compliance
In compliance with MCCG 2021, BNM’s
CG Guidelines, MACC Act & other relevant requirements - Complete
Action-oriented outcome
Follow through services
Strategic level board assessment that can be used to prioritise key strategic issues and implement actionable plans for greater board effectiveness. It covers:
- Document review
- Online questionnaire
- Confidential 1:1 interviews
- Summary report & debrief
- Board working session & action planning
3 levels of focus:
- Overall board
- Board committees
- Individual directors
May be recommended to companies embarking on their first external exercise. The Board Online Questionnaire is designed to:
- Be an alternative (but not replacement) to a full board evaluation.
- Be used as a basis for external assessment when interviews are not wanted/preferred.
- Provide automated outputs for easy comparison of responses & analysis
- Offer preliminary insights into the effectiveness of the board
Viewed as a stepping stone to the fully independent evaluation exercise, the online platform will include an extensive bank of questionnaires that will provide rich insights and help to surface issues and/or thoughts that might otherwise go unnoticed.
Designed for companies who have embarked on the independent evaluation exercise for prior years, the ‘Hybrid’ version provides an opportunity for companies to ‘pick and choose’ the desired components of the evaluation process.
Additional evaluation options such as conducting 1:1 interviews with selected directors instead of the entire board based on key responsibilities, carry out a collective/group facilitated discussion or workshop style to elicit wider feedback from stakeholders, or thematic focus, i.e. on sustainable leadership or board architecture or board governance.
10 Key Parameters of ICDM’s BDEE Framework
Starting from 2023, we have added review on ESG considerations across the 10 key parameters (where relevant), looking at the effectiveness of ESG integration across the Board’s responsibilities.
Board Leadership
Board Composition, Skills & Development
Board Committee
Board Governance & Processes
Board Agendas, Meetings & Information
Board Dynamics & Culture
Board & Management Relationship
Board & Stakeholder Engagement
Board & Sustainability Matters
Board Crisis Management Responses
The Importance of an Independent Perspective
Gain a clearer understanding of their strengths and weaknesses, enabling them to fortify their governance structures and optimise performance.
Foster a culture of continuous improvement, propelling them toward greater efficiency and effectiveness.
Delve beyond the surface-level assessments to uncover subtle nuances of interpersonal dynamics that shape board performance.
Obtain the insights and tools necessary to strengthen their interpersonal relationships, fostering a cohesive and high-performing board culture.
Serve as a catalyst for building a more robust board-management relationship by facilitating open dialogue and constructive feedback.
Instil confidence among stakeholders, fostering trust and credibility by evaluating governance practices against industry standards and best practices.
Testimonials BDEE Client’s
What we valued most were the wholesome and professional manner it was done and being able to achieve our objectives. We can adopt a similar methodology moving forward. In the past, the BDEE was done using internal resources, and the scope and outcome was somewhat limited.