Governance Committee Index ™

Demonstrate Good Practice to the Markets

Today’s Governance and Nominating Committees face a litany of challenges – from proactively recruiting objective directors, to conducting board and director evaluations, to managing accelerated accountability and risk.

Is your Governance Committee ready for the scrutiny that these issues provoke?

The Governance Committee Index is designed to help you determine how you can make your Governance and Nominating Committee more effective and demonstrate good practice to your constituencies and the markets. Ours is the only board driven, anonymous, confidential, and web-based evaluation tool to benchmark Governance Committees.

The content was developed in cooperation with WorldatWork, the national compensation association made up of corporate compensation officers and those who serve them.

Benefits

  • Improve Performance – Our report enables your committee to establish a baseline and benchmark against internal metrics and best practices.
  • Respond to Key Metrics – Our Indexes are customizable for your company and situation, to respond to any key metrics that you need.
  • Fulfill Annual Evaluation AND Director Educational Mandates – TBI is accredited byRiskMetrics/ISS, allowing you to assess your committee and fulfill director continuing education guidelines simultaneously.
  • Make Better, Clearer Decisions – Our process helps directors identify and understand strengths and areas to improve,
  • Avoid Mistakes – Contrary to other approaches, TBI is objective, independent, and comprehensive. With complete security, anonymity and confidentiality, directors can answer freely and candidly, resulting in a valid report.
  • Recognize and Respond to Emerging Regulations – TBI proactively integrates the changing governance practices, laws and regulations into its indexes.
  • Enhance Insurance Coverage – Directors & Officers’ insurers provide enhanced policies and the potential for reduced rates to boards of directors who conduct substantive evaluations.

How does it work?

The Board Index is a user friendly process that can be facilitated internally or by an outside consultant who works with the board to develop an action plan to respond to any issues raised. Read more about how TBI can complement your current evaluation process.

Step 1: Board members (and others, at the board’s discretion), anonymously, confidentially, and securely complete a comprehensive, online questionnaire. This takes approximately 15-20 minutes. Upon completion, drawing on scientific methodology, the questionnaires are compiled and scored.

Step 2: A report of the results and analysis is immediately available to your evaluation administrator and other key stakeholders, as the board determines appropriate, either on line or on paper. The report,which is a composite and provides no identifying information about individual respondents or the company, consists of:

  • An overall Board Index score, feedback about board structure and composition, the role of the director, and leadership of the board.
  • Top 5 strengths, the five areas to improve and response ranges.
  • A detailed inventory of specific questions with scores, ranges, comparisons and anonymous comments, together with targeted best practices, stock exchange requirements, regulatory rules and relevant Sarbanes-Oxley mandates.

It is as simple as that.

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