Service to assess how boards perform
The Board Performance Evaluation Service, from the Institute of Directors (IoD) — which will cover publicly quoted companies, SMEs, state and semi-state companies and regulated financial institutions — is aimed at improving effectiveness and performance at management level.
“Undergoing a board evaluation makes sound business sense, with more and more businesses throughout Ireland now recognising that evaluating the performance of their board is a powerful investment in the future of their organisation. And increasingly, boards are asking for an external, experienced assessor to conduct such evaluations, so as to ensure transparency and independence,” according to IoD Ireland chief executive, Maura Quinn.