Board Effectiveness Consultancy Presentation || Excellence Enablers Pvt. Ltd

1. Board Effectiveness Consultancy www.excellenceenablers.com

2. Topics to be Covered • Introduction • Objective of Board Effectiveness Consultancy • Parameters while hiring Board Consultants • Limitation of Board Consultants • Solution of the limitation • Role of Board Directors • Why we need Board Consultants www.excellenceenablers.com

3. Introduction It involves ensuring the right Board composition and leveraging that diversity and collective expertize. It involves ensuring the management team has the right strategy, purpose, leadership and culture to enable sustained performance. It requires managing an increasingly diverse set of risks. www.excellenceenablers.com

4. Objective of Board Effectiveness Consultancy It involves ensuring the right Board composition and leveraging that diversity and collective expertize. It involves ensuring the management team has the right strategy, purpose, leadership and culture to enable sustained performance. www.excellenceenablers.com

5. Parameters while hiring Board Consultants • Purpose for which the consultant is required. • Scope of the assignment. This has to be carefully crafted. • Profile of the consultancy firm, including its reputation and track record. • Whether the consultants have practical experience, such as boardroom experience, as against theoretical knowledge. One solution fits all approach cannot be followed in interventions relating to Corporate Governance. • Assignments handled by the consultant. This is more important than the list of clients handled by the firm, since the firm’s experience may not come in handy in such assignments. www.excellenceenablers.com

6. Role of Board Directors The Board of Directors is at the apex of a company. The Board should adopt good Corporate Governance practices for the long-term sustainability of the Company. It should ensure that there is transparency and accountability. The Board should trust management with executive action, and in turn hold the management accountable for such action. It should also establish proper policies and processes, checks and balances, and strengthen the internal control processes. Investors have increasingly started focussing on well governed companies, and are looking beyond financial numbers when they invest in any company. www.excellenceenablers.com

7. Limitation of Board Consultants Sometimes the knowledge of Directors could be limited to their own experience. An external person can give advice on the basis of good practices being followed by other companies, some of which could be industry or company neutral. The focus of such an exercise should be improvement, and not fault finding. www.excellenceenablers.com

8. Solution of the limitation Implement, improve and monitor governance practices in a company, the Board should consider hiring Corporate Governance consultants. Such consultants are expected to be highly experienced persons, who are equipped to conduct governance reviews based on the requirements of the company. They assess and evaluate the focus areas such as identifying gaps in Board skillsets, training of Directors, getting the composition of the Board right, succession planning, Board evaluation etc. They are expected to give an independent feedback to the Board on areas which need attention, and the possible interventions that could help. www.excellenceenablers.com

9. Why we need Board Consultants Some of the scams and corporate failures in India, as well as abroad, have highlighted the need for building good Corporate Governance culture in the corporate sector. When such scams happen, stakeholders suffer immensely. www.excellenceenablers.com

10. Contact us : For Board Effectiveness Consultancy www.excellenceenablers.com