JERSEY – and the periodic assessment of the board's effectiveness
Revisions to the JFSC JERSEY Codes of Practice in March 2018 included a new requirement that all aspects of a registered person's corporate governance arrangements be subject to regular review.
Further, a periodic self-assessment, or external assessment, of the board's effectiveness is a critical part of this regulatory requirement.
How do you do yours?
A self-assessment may satisfy a regulatory requirement; however, the extent to which it adds genuine value, as an objective and balanced test, is another matter.
For businesses that are seeking to derive maximum benefit from this exercise, Comsure has developed a review format that is comprehensive, collaborative and non-intrusive.
Our assessments are cost-effective and can be tailored to meet your specific requirements. Typically, they will take account of the following areas:
- Board composition and structure
- Board strategy and objectives
- Conduct of meetings
- Board packs and minutes
- Communications with stakeholders
- A survey of directors and senior management opinions
If you would like to find out more about how COMSURE may be able to assist, please contact us to arrange a meeting