Effective Board Practices & Company Compliance

Question 1

How often should board evaluations take place?

Answer 1

ALL Listed companies should undertake annual formal and
rigorous board evaluations

For FT350 companies, these should be undertaken external at a minimum every 3
yr. and be included in the accounts.

Question 2

What topics do board evaluations cover?

Answer 2

Board Structure

Board and Company Governance

Board monitoring

Board processes

Question 3

What kinds of topics should be included under ‘Director’s Education?’

Answer 3

Induction

Role of director
Rules, regulations, guidance
Operation of Board
Business background
3rd party relations
AND ONGOING
CPD
Internal and external support

Question 4

What ‘best practice’ policies would a board review?

Answer 4

Authority limits
Code of conduct
Tenure of NEDs
Expenses policy
Committee terms of reference
Share dealing policy
Whistleblowing policy
Risk management policy