The extent to which the Board and its Committees are successful in fulfilling their key roles and responsibilities and the extent to which the individual Directors contribute to the effectiveness of the Board operations.
The extent to which the Board and its Committees adhere to legal requirements and best practice in their structure and procedures.
The extent to which the culture of the Board and Committees and the behavior patterns of individual Directors, is supportive of the effective functioning of the Board.
The extent to which the relationship between the Board, its committees and individual Directors on one hand and Management on the other, support the Board’s ability to govern effectively and objectively.
The ICGU will develop tools (questionnaires) and conduct either physical or online evaluation exercise for the Board under the detailed criteria below
Covers leadership of the Board, relationship with management, the conduct of meetings, board services and information flow, risk management, and implementation of strategic plan.
The board will be scored on their compliance obligations as per the MEMARTS, Implementation of policies, strategic plan implementation, best practices observance by the Board, induction and board development, relationship with Management, information flow to the Board, attention to risk management and skills competence application to board decisions
Covers leadership of the senior team, strategic plan implementation, sound financial practices, risk management, attraction of leadership team, board relationship, and corporate image protection.
Covers the basic TORs of the committees, committee effectiveness, and best practices of conduct of committee work.
Covers compliance, statutory obligations, stakeholder relations, board minutes and reports, record keeping, board service, remuneration and relationship, corporate governance observance, and information to the Board.
Board Evaluation is a systematic process where a company assesses the performance and effectiveness of its board of directors. It evaluates individual contributions, decision-making abilities, and governance practices to identify areas for improvement and ensure optimal board functioning.
The ICGU develops governance tools, such as questionnaires, and conducts the evaluation either physically or online. The assessment covers various criteria, including Board operations, structures and procedures, board culture, and board-management relations.
The evaluation process assesses:
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The Board as a whole
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The Chairperson of the Board
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The Chief Executive Officer
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Board Committees
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The Company Secretary
Normally it takes an average of 10 days to complete
The evaluation costs UGX. 42 million for Members and UGX. 50 million for Non- ICGU Members.
Yes, the evaluation can be conducted either physically or online, based on the organization’s preference.
Yes, the ICGU provides governance tools, including questionnaires, to facilitate the evaluation process across various board and management roles.