Every board faces continuous pressure to adapt and evolve to maintain a competitive advantage.
The macro environment in which businesses operate is one of constant change, and now more than ever, turbulence in markets and changes to working practices dictate that even highly effective boards will need to adapt to current challenges and be confident enough to lead and inspire their teams through periods of uncertainty, change, and unpredictability.
It is in this context that the ethos of continuous improvement and adaptation remains key to future success. It is unlikely that simply continuing to do what has always been done is likely to well serve a business in the near term.
The purpose of the Board Effectiveness Evaluation is not to critique what has gone before, but to ask questions as to how we can best support boards and their members to leave no untapped potential in an ever-changing world.
Whilst it may be a requirement for boards to undertake formal and rigorous annual evaluation to ensure they meet their regulatory remit and fiduciary responsibilities, more importantly this is the right thing to do - to best support boards and directors in these times of flux.
Who makes up the board?
Starting from selection to development and culminating in succession and planning for future needs.
Do structures, systems, norms, and data enable the board to effectively fulfil its governance responsibilities?
How well do director relationships foster a climate of trust and facilitate critical conversations and ultimately effective decision-making?
Is the board focusing on areas that will positively impact the business, its customers and its shareholders? Moreover, do they have confidence to lead in areas that may be new and unexplored?
Our evaluation methodology ensures optimum buy-in and commitment, in turn creating a trusted partner approach to uncover the behaviours, knowledge, and skills that will elevate your board to world-class performance:
Robust communication is key to positioning and optimum engagement with the board and wider business. We’ll work in lock-step with your Boards and key people to quickly earn and build trust
1-2-1 conversations with board members and their key stakeholders to understand their view of the world and how prepared they feel for what may be on the horizon.
Capturing a snapshot of current performance and gauging of skills for the future - from the perspective of all key stakeholders.
Ensuring a healthy communication dynamic is in place and all facets of directors' roles are represented - the right degree of challenge, strategic thinking, and receptiveness to change.
Impartial observation of the board in action and understanding how board information helps or hinders excellence in decision making.
Culminating in a comprehensive future-looking report to assist with board development and succession planning.
53 Degrees.co, 2inspire and 2inspire Events are trading names of 53 Degrees Digital Ltd
124 City Road
LONDON EC1V 2NX
Registered in England No. 11248413.
©2024 53 Degrees Digital Ltd - All Rights Reserved