Boards of Directors often struggle with their multiple responsibilities, which include among others:

• Contributing to strategic development of the organisation
• Fulfilling regulatory and legal compliance obligations
• Responsibility for risk management
• Providing oversight over the performance of the organisation
• Satisfying stakeholder expectations, which may include shareholders. government, employees and the public in general

An increasingly demanding regulatory and governance environment is elevating expectations of Board performance, while increasing pressures are forcing Directors to make tough decisions about their strategic and oversight priorities.

With such a challenging environment, Boards are seeking for more strategic and systematic approach to discharging their obligations, ensuring a tighter alignment of corporate performance, governance, risk & compliance.

How can we help

Tricor Roots Consulting's Governance Consulting Services help Boards understand and execute their corporate governance responsibilities. Our services are focused on key areas for Boards, which includes:

Board performance assessments

Tricor Roots Consulting's Board Advisory Services offers Board of Directors an insightful and credible approach to assessing their performance and effectiveness.

The Roots approach introduces elements of impartiality, objectivity, candour and measurement precision, otherwise lacking in in-house unfacilitated self-assessment exercise. Our approach further:

• Removes the administrative burden associated with in-house performance assessments
• Focuses on board structure, composition, execution and processes – how boards really work.
• Provides a realistic measure of board effectiveness compared with the boards of other leading organisations
• Provides insightful results that highlight opportunities for improvement that are tangible, achievable and measurable
• Keeps the board in ultimate control of the assessment process and respects the board’s need for confidentiality and discretion
• Demonstrates the board’s commitment to high performance and effective governance

Our systematic approach allows Tricor Roots to work with Boards of Directors to facilitate frank and constructive discussion of the issues arising from the review and prepare a roadmap for practical and tangible performance improvements.

For more information or to find out how Tricor Roots Consulting can help to enhance Board Performance, contact us.