Usmani & Co. (UCO) has a collection of leading practices that support Board Performance and effectiveness. It provide specialized training sessions on corporate governance, strategy, risk and crisis management. UCO’s partners possess the required experience in board trainings and evaluation in corporate setups.
The methodology used is based on insights and points of view from board leaders, directors and thought leaders and heads of internal audit. It also incorporate trends from case studies allowing board members understand how boards should be structured and should handle their responsibilities.
UCO has developed a program that lists all the factors based on any particular industry as well as offers advisory services to facilitate boards in carrying out the board performance assessments so that it meets the objectives of each company. This will allow UCO to evaluate the effectiveness of the Board, their committees, as well as individual board members performance independently. This is done through in-depth interviews and a detailed analysis in the final report. This process helps in:
- Revealing the company culture
- Encourages directors to consider how they can contribute additional value
- Compile individual directors feedback confidentially
- Having a clear and accepted objective to improve directors and board performance
- Result in practical improvement
The self-assessment guide is development based on the company’s mission, vision and central idea. The areas that will be covered in the board performance assessment are:
- Strategy and value drivers
- Risk and Crisis Management
- Corporate Ethics
- Transformational Transaction (complex transaction such as mergers, acquisition, divestiture or alliance.)
- Management Evaluation, Compensation and Succession
- Communicating with Stakeholders
- Board Dynamics
The directors will be assisted in the following areas:
- Carrying out their own self-assessment
- Peer assessment
- Full board and Committee assessment
The report will be based on the average. All information and interviews given will be kept confidential by UCO. The objective is to get the board to collectively carry out their own survey in an open and transparent manner and match that result against the results of the above averages. UCO believes that objective feedback is invaluable to every board and board member. The saying that “perception is reality” applies to how board members see their peers and the UCO board evaluation can be enlightening and extremely helpful to board success.
