- PRODUCT OVERVIEW
The exclusive objective of The Board Index is to help your board be the best it can be by assessing and enhancing its effectiveness. The Board Index helps directors and officers of public and private companies assess and enhance the overall effectiveness of their boards by focusing on the structure and composition, the role of the directors and the leadership of the board. The keys to risk management are knowledge, transparency and accountability. The Board Index is the only evaluation tool available that can provide this value, because it is the only board-driven, anonymous, confidential, accredited and web-based evaluation tool to assess boards internally and against best practices. The Board Index allows directors and officers to assess the strengths of your Board and highlight areas for improvement. The independent, secure board evaluation is both quantitative and qualitative – essential to providing the substantive feedback your board needs. Questions, analysis and best practices were developed in cooperation with CEO’s, directors and leading experts in corporate governance, finance, law, accounting, compensation, shareholder issues regulatory bodies and associations as well as survey research and behavioral experts.
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:
It is as simple as that.
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“The Board Book” is a brilliant text on the strategic board. I continue to refer to the text book on a regular basis. Thank you for writing this book. If you other books you have authored, please let me know.
“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”
"Ah! It seems only yesterday that your purpose and your vision brought this work to life. Congratulations indeed Susan!"
“Our audit committee enjoyed the process; a valuable tool. Our independent auditors will use this to evaluate the committee going forward.”
“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.”
“Comprehensive and easy-to-use; results were very informative. A great way to collect and organize the thoughts of the directors.”
“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..”
“You have…absolutely the right approach.”
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“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
“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.”
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“…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.”
“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.”
“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
"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."
“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.”
The Board Institute Inc.
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