Board Effectiveness

Introduction:
The Board should play a vital role in ensuring the health and wellbeing of the company it serves. Finding the right balance of leadership, expertise, governance and dynamism is not easy. There are many considerations:

• What should the role of Non Executive Directors be?
• What skills and expertise should they have?
• Which high performers in the company desire and deserve a place on the Board?
• How well suited are they to the role?
• How well is the Board currently performing and where is it falling short?

None of these questions will have easy answers. This is why getting expert help really pays dividends. An effective Board, empowers the company to perform, enables it to take rapid advantage of new opportunities and ensures that it remains on a sound financial, legal and ethical foundation. An ineffective Board will become a source of delay, confusion, frustration and even conflict.

What we offer
We have over 13 years of expertise in helping business owners, Directors and equity investors to improve and develop Board performance so that the companies they serve thrive and prosper. We have helped Boards in all sorts of situations, the conflict ridden and dysfunctional, the comfortable but low performing, the newly formed, the high performing and ambitious and the enthusiastic, well meaning but inexperienced. The Quinn Partnership prides itself in being able to rapidly, dispassionately and accurately assess the strengths and weaknesses of any Board whilst also providing the expertise, support and business counsel needed to ensure the Board seeks and delivers excellence.

• Our framework for assessing Board Effectiveness: Evolved from the Corporate Governance Code of 2010 which requires publically listed companies to independently assess the effectiveness of their Board on an annual basis.
• A Chairman friendly online review tool for you to steer Board membership protocols and behaviour.

The key benefits include:

An independent assessment of the key internal operational factors which lead to a more efficient and superior Board performance by generating and facilitating:

• Dialogue to proactively discuss Board Member dynamics as well as Director Development and Board level succession.
• A robust, objective but user-friendly approach which raises the awareness and discipline of the team to perform to the highest corporate governance standards.
• A healthy and dynamic Board that ensures there are no surprises for Investors and who are focused and aligned on setting direction and delivering the business strategy.
• Activity that demonstrates to Board Members, Shareholders, Management and External Stakeholders that the Board is proactively engaged in reviewing its principles, operations and strategic alignment. That performance and improvement is measured in a timely, structured and professional manner. That Shareholder Value is being maximised and where possible, grown.
• Measures which inform and reassure existing Investors that there is a genuine appetite for Board Level review of progress and development as well as complete transparency and accountability.
  Ultimately it provides a Chairman with a framework to guide and promote an effective working Board environment.
• An evaluation of Board performance and effectiveness continues to gain profile and momentum within the Boardrooms in the UK. Regulators and Institutional Investors increasingly endorse performance evaluation of the Board as a prerequisite for good corporate governance.

The Quinn Partnership is dedicated to ensuring that companies take the right path and establish a Board that empowers the business to excel.

To find out more call Paul Quinn or Mike Stiles on 0161 924 2280