Improving the effectiveness of the board is a priority for leading organisations everywhere.
A board evaluation combines quantitative information, international best practices and board member opinions to create a comprehensive picture of board performance. It also serves as a platform to engage board members in the creation of a board improvement plan, to ensure board members have the resources they need to more easily and effectively fulfill their roles.
GCC BDI draws on the expertise and knowledge of a large pool of top local, regional and international evaluators (including from our partners Mckinsey & Company, PwC, Allen & Overy and Heidrick & Struggles where appropriate), matching their areas of expertise to our clients’ needs. In this way, we provide a mix of best international practice and actual board experience, combined with our specialist knowledge and experience of corporate governance and director issues in the Gulf.
GCC BDI framework for board effectiveness
GCC BDI has 12 years exerpience in delivering top quality board evaluations for organisations across the GCC and has developed a proprietary tool to assist in the process. Our board evaluations are based on our
eight dimensions of board effectiveness, each representing a critical component that define an effective board.
The board evaluation process
Each board evaluation is conducted over a three stage process:
Stage 1: An anonymous online survey is completed by all board members and selected members of the senior executive team
Stage 2: One-on-one, in-depth interviews are conducted with each board member and senior executives
Stage 3: Presentation of findings to the board and creation of a board improvement plan
For those organisations who are new to board evaluations, we can also offer a phased process over a three-year period to get a board prepared for a full evaluation in the third year.
If you are interested in commissioning a board evaluation or discussing the available options, please contact us to learn more.