ICSA has published the results of its annual survey of how board evaluations have been carried out by the largest UK listed companies: see here (pdf). The survey reports that 33 of the 200 companies in the survey undertook some form of external board evaluation. The UK's Corporate Governance Code, published last year, recommends that evaluation of FTSE350 company boards should be externally facilitated at least every three years (Code Provision B.6.2). Main Principle B.6. states that the board should, on an annual basis, evaluate its own performance and that of its committees and individual directors.
Wednesday, 8 June 2011
UK: survey of board evaluations - ICSA report
ICSA has published the results of its annual survey of how board evaluations have been carried out by the largest UK listed companies: see here (pdf). The survey reports that 33 of the 200 companies in the survey undertook some form of external board evaluation. The UK's Corporate Governance Code, published last year, recommends that evaluation of FTSE350 company boards should be externally facilitated at least every three years (Code Provision B.6.2). Main Principle B.6. states that the board should, on an annual basis, evaluate its own performance and that of its committees and individual directors.
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