PICG’s board assessment provides an independent assessment of the strengths and capabilities of your board, its committees and individual directors. Our online assessments are customized and delivered in collaboration with The Corporate L.I.F.E.™ Centre International Inc., (a consulting firm based in North America). Utilizing our services enables boards to spend less time gathering data and more time paying attention to high impact, low performance areas and developing solutions that support management to achieve the desired strategic objectives.
Effective boards make sound collective decisions to meet strategic objectives and provide oversight and support to their companies on key matters for optimal operational performance. PICG has been facilitating company boards over the past few years through its efficient Board Evaluation services which enables boards, its committees as well as individual directors perform to their maximum capabilities by identifying critical gaps in areas of their fiduciary responsibilities. This is crucial to assist Boards in creating and executing improvement plans for the continuing success and sustainable growth of their companies.
In Pakistan, Boards shall undertake, annually, a formal process of evaluation of the Board’s own performance, members of the Board and of its committees, either directly or by engaging an external independent consultant, under the following regulations applicable to various sectors and company types:
- Listed Companies (Code of Corporate Governance) Regulations, 2019
- State Bank of Pakistan Guidelines on Performance Evaluation of Board of Directors
- Public Sector Companies (Corporate Governance) Rules, 2013
Online Assessment
In collaboration with Corporate L.I.F.E. Centre International Inc. (CLCI), PICG has now developed an online solution for such board evaluations. Online assessment enables boards to spend less time gathering data and more time paying attention to high impact, low performance areas and developing solutions that support management to achieve the desired strategic objectives.
Areas Covered
- Composition
- Committees
- Compensation
- Information
- Planning
- Procedures
- Interactions
- Board & CEO Effectiveness
Types of Online Assessments
There are three types of tailor made online assessments that PICG offers for better company performance
Board Self Evaluation
Board assessed as a single body, with the evaluation process undertaken by the Board members themselves
Deliverable: Report & Basic Analysis
Popular
PICG Facilitated
Board assessed as a single body through interviews conducted by PICG
Deliverable: Detailed analysis and report provided by PICG
PICG Facilitated (360 Degree)
Board assessed through interviews conducted by PICG, with 360 degree feedback obtained during interviews from board and senior executives.
Deliverable: Detailed analysis and report provided by PICG
Final Report Deliverance
In collaboration with Corporate L.I.F.E. Centre International Inc. (CLCI), PICG has now developed an online solution for such board evaluations. Online assessment enables boards to spend less time gathering data and more time paying attention to high impact, low performance areas and developing solutions that support management to achieve the desired strategic objectives.