GGI Survey - Good Govern

GGI (GoodGovern Index) is our proprietary Board Evaluation effectiveness score and is derived using a comprehensive research-based survey tool encompassing the Four Pillar approach of GoodGovern. Organizations are increasingly recognizing the importance of undertaking an externally facilitated Board Evaluation and therein GGI enables benchmarking & continuous improvement on critical parameters for Company Boards.

This short survey (available free of cost) based on a set of sixteen questions, offers an opportunity to test out the detailed Board Evaluation tool. Key results & recommendations from this short survey will be emailed to you immediately upon completion.

We encourage you to reflect on the findings of the same and reach out to us on contact@goodgovern.com for the complete Board Evaluation solution.

Take the GGI sample survey to assess effectiveness of your Board Evaluation practice

GGI Survey to assess effectiveness of your Board Evaluation practice

Purpose and Goals

a. The Board and its Committees have a clearly articulated charter or purpose statement, and it is regularly reviewed against the meeting agenda.

No charter available
Charter available but not reviewed
Charter available & reviewed annually
Charter referenced for each meeting agenda

b. Please describe the process the Board follows to review annual business plans and strategies of the company.

No formal process in place to review these
Management presents business plans and the Board approves
Management & Board collectively approve these after discussions
Management & Board deliberate through extensive strategy session

c. To what extent does the Board work with management to identify key opportunities, threats & risks to the company?

These are largely dealt with by management
Board guides when approached by management
Board regularly evaluates opportunities and existing risks and discusses with management
Board assesses potential opportunities and emerging risks, bringing in expertise as required.

d. To what extent does the Board consider the impact of its business strategy roll out on all its stakeholders

It does not
Rarely
Regularly
Always

1/4

GGI Survey to assess effectiveness of your Board Evaluation practice

People and Culture

a. What requirements are kept in mind when appointing Board members?

There are no clearly defined appointment requirements for Board members
Board members are appointed to meet regulatory requirements
Board members are appointed to bring in defined skills & experience
Board members are appointed to bring in defined skills, experience & behaviors

b. Does the Board have a training calendar for itself and its various Committees?

No training available
Only regulatory training & induction is conducted
Training as per emerging needs for members of the Board and committees
There is a training calendar with clear outcomes for the Board

c. Please describe the nature of Board discussions

Discussions are about agenda items only
After agenda items, there is some time allotted in meetings for open discussions
Candid & open challenges through the Board meetings on agenda and other items
Board members & management have open and challenging discussions in Board meetings and also interact outside of Board meetings.

d. Please describe the role & contribution of the Non-Executive Directors (NEDs)

NEDs subscribe to the view that is taken by the Chairperson or other Board Members
NEDs largely go with management view
NEDs largely go with the majority view
NEDs exhibit independent judgement and the same is recorded in minutes

2/4

GGI Survey to assess effectiveness of your Board Evaluation practice

Process and Risk oversight

a. Please describe the quality, relevance & comprehensiveness of the Board agenda

Agenda is mostly driven by compliance needs
It is driven by compliance & business needs
It is driven by compliance, business needs & strategic objectives of the company
The Board agenda encompasses all stakeholders’ interest

b. To what extent do the meeting minutes capture deliberations & decisions of Board & Committee meetings?

Minutes are brief and capture the outline of the meeting
Only agenda outcomes are reported in the minutes
Outcomes as well as a deliberation summary reported
Individual Board Members’ point of view reported

c. How does the Board consider key risks to the organization?

Risk identification is left to Management only
Board considers risks from a regulatory perspective
Board considers near term risks in addition to regulatory requirements
Board considers emerging risks that might impact all stakeholders

d. Does the Board evaluate the need for public disclosure for every decision that it makes?

Never
Rarely
Regularly
Always

3/4

GGI Survey to assess effectiveness of your Board Evaluation practice

Performance and Impact

a. How often do the Independent Directors interact on company affairs outside of Board Meetings?

Never
Meetings held infrequently and without specific agenda
Meetings held occasionally to discuss company performance
Meetings held to discuss company/Board performance & create action plans

b. How does the Board & its Committees handle critical matters?

Board takes a view and manages on its own
Board defers to Management to handle the matter
Board seeks guidance from external experts in crisis situations
Board regularly seeks guidance for critical matters as well as learning & benchmarking needs

c. How is the Board Evaluation conducted?

It is compliance driven & done internally
It is compliance driven and conducted on the Board Portal
It is a detailed exercise and conducted by an external consultant
It is a detailed exercise done by an external consultant and the action plan is reported in the annual report

d. How frequently does the Board review aspects like Culture, HR practices, CSR, Sustainability/ESG etc.

Never
Need-based
Once a year
Reviewed regularly in each meeting agenda

4/4

Take the GGI sample survey to assess effectiveness of your Board Evaluation practice

Take the GGI sample survey to assess effectiveness of your Board Evaluation practice

GGI Survey to assess effectiveness of your Board Evaluation practice

Purpose and Goals

GGI Survey to assess effectiveness of your Board Evaluation practice

People and Culture

GGI Survey to assess effectiveness of your Board Evaluation practice

Process and Risk oversight

GGI Survey to assess effectiveness of your Board Evaluation practice

Performance and Impact

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