- 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.
“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 of First Federal Bank
The Board Institute Inc.
4350 East Camelback Road
Phoenix, Arizona 85018