When we are engaged by a Private Company, Association or NFP Board of Directors to conduct a Governance Audit, this is the approach we use to help the Board identify governance opportunities and risks:

Objectives of the Board Governance Assessment

  1. to assess current governance structure and processes
  2. to recommend the most beneficial ways to improve governance and further improve the performance of the organization

Outputs of the Board Governance Assessment

  1. A detailed assessment of the organization’s current governance structure and operating effectiveness
  2. Input on future opportunities, threats and direction from current organization leadership, Directors, Members, others
  3. A summary of current and trending governance best practices in the public, association, and not-for-profit sectors (whichever is relevant)
  4. Recommendations for improving Board structure, nominating and governance operating practices with the goal of increasing the organization’s governance and operating performance

Approach/Steps of the Board Governance Assessment

  1. Document review – by-laws; other Board governance documents including Board minutes; Corporate strategy documents; other documents that may provide insight
  2. Senior Management, Board Chair Facilitated Work Session
    • Goals:
      1. to identify issues and opportunities (SWOT);
      2. to agree/plan resources, roles and next steps
  3. Interviews – CEO, Chair, All/select Directors, select others
    • Goals: to understand a mix of relevant Board, member, other perspectives on:
      1. Board/Governance Expectations
      2. Perspectives on current Board performance
      3. Opportunities for future improvement
  4. Director Board Governance On-line Survey
    • Goal: to assess understanding and execution of the current Board role
    • All Board and Leadership Team members
    • Executed via Survey Monkey – approximately five questions
  5. Board Meeting Audit
    • Goal: to observe actual governance execution
    • One or more Board meetings
  6. Industry Best Practices governance review
    • Goal: to identify trends and best practices in the Association and other relevant industries
    • literary review and outreach as required
  7. Conclusions and Recommendations – present findings, recommendations and next steps

Timing: 8 – 10 weeks

To discuss a private company, association or NFP governance assessment in more detail email [email protected] or call 416-994-6552.

This link will take you to a summary of the key findings from recent governance assessments.