The main objective of this paper is to introduce the principles of Board Evaluation, highlight the aim of such evaluation, as well as the advantages, and analyse the elements to be evaluated.
The paper also provides a variety of approaches to the various methods of evaluation to assist local companies that are willing to carry out such an evaluation. For companies who question the objectivity of such an exercise being done internally versus externally, the advantages and disadvantages are listed in this guide.
Components which can be considered as hindrances to a good evaluation, the reporting of such an exercise while maintaining confidentiality, and the steps to take after the evaluation are also cited.
The paper acts as a guide for companies falling under the scope of the National Code of Corporate Governance for Mauritius (2016) and companies that aspire to enhance their Board effectiveness.
Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210