- PRODUCT OVERVIEW
Would a better performing board drive a better performing company? For years, Boards of Directors were immune to performance reviews and relied on cumbersome questionnaires and face-to-face interviews for evaluation. Today, the landscape has changed, and boards are being held accountable. Directors and officers are seeking a more professional solution
That’s why The Board Institute, in concert with the leading experts in governance, created the first professional, online set of evaluation tools to evaluate, benchmark and educate boards, committees and directors. These tools drive a clearer understanding of how your board is performing – leading to improved corporate governance and better financial results.
The Board Institute improves boards of directors and corporate governance through our suite of world-class, web-based, validated tools to evaluate the effectiveness of the board, the committees, and the individual directors in public and private companies. It is the first and only, accredited web-based solution for board education and board evaluation. By serving as a risk filter and validating the board to the shareholders, use of The Board Institute’s Indices enhances the value of the organization. Good boards are critical to long-term corporate success and shareholder value.
Respondents to the easy to use, online Index questionnaires and resulting reports include the board members and, at their discretion, all those who work with the board. Our services are offered as an annual subscription, which includes an unlimited number of respondents, full support, and the ability to access our information and reuse the Index over the course of the annual subscription period. For each question, the score, range, mean, best practice, regulation and laws and anonymous comments are compiled. The Board Institute’s comprehensive, actionable and objective tools enable directors to respond to and benchmark governance, regulatory and stock exchange mandates and board best practices in order to continuously improve and inform the board. If the board wishes, the independent Indices/ tools may be used in cooperation with consultants to help create and monitor an action plan.
Imagine a world where you can see the risks and avoid them. Apply new thinking, resources and ease of use to the board evaluation process.
“Our audit committee enjoyed the process and found The Audit Committee Index to be a valuable tool. The Inventory/report validated many of our current practices as well as identified opportunities for ongoing education. Further, our independent auditors said the Inventory/report would be one of the tools they will use to evaluate the committee going forward.”
"Congratulations on a valuable, easy to use product. The Board Index created a powerful framework for our dialogue about board practices and helped us identify areas of focus. I recommend it to other companies who want to enhance and benchmark best practices in governance."
“I found The Board Index to be a valuable tool that can positively change the way our Board functions. It is easy to use and spurred many new ideas for utilizing my Board to the fullest extent and engaging them in a more active role. The reports from the tool enabled me to anonymously view candid feedback from the board, compile the results and then use the best practices that are provided with the tool to begin discussions on how to improve the board.”
“The Board Index was comprehensive and easy-to-use, and the results were very informative. It was a great way to collect and organize the thoughts of the directors on governance and compliance issues.”
“…The Board Index is an invaluable resource. It provides the means to quantify board performance against best practices, establish benchmarks for future evaluations and enable the directors to assist in the development of the strategic framework that will facilitate growth and team building.”
“I believe in the product immensely. There is no question that boards need a third party, legitimate, independent benchmark…”
“I really think that there’s an enormous market for your services within private companies that are just emerging from ‘patriarchal’ governance, usually as the third generation prepares to take over control. ‘Outside the family’ strategic thinking and best practices governance will become increasingly important for such companies.”
“Great engine – I’m impressed. A lovely looking tool that delivers valuable data.”
“For a number of years our Governance Committee has performed individual director evaluations. In looking for a third party facilitator of these evaluations we found the Board Institute to be a valuable resource. They provided independence and confidentiality which were an important part of the process. Additionally, we found the Board Index to be an easily used tool that allowed us to do an effective evaluation which in turn has led to better board awareness of best governance practices.”
“Very efficient and picturesque…very nice product.”
“You have…absolutely the right approach.”
“The Audit Committee Index report identified an area of disparity and created and enabled discussion by the board members in an area that would have otherwise not been raised. We intend to do this again next year..”
“Comprehensive and easy-to-use; results were very informative. A great way to collect and organize the thoughts of the directors.”
“It can positively change the way our Board functions. It is easy to use and spurred many new ideas for utilizing my Board to the fullest extent and engaging the board in a more active role.”
“Our audit committee enjoyed the process; a valuable tool. Our independent auditors will use this to evaluate the committee going forward.”
“The Audit Committee Index® report identified an area of disparity and created and enabled discussion by the board members in an area that would have otherwise not been raised. We intend to do this again next year. It was really a wonderful tool for us”