The increasing expectation on good corporate governance and heightened investor expectations have set a high bar for boards across the world. Now, more than ever, effective board evaluations are critical in meeting the evolving standards of corporate governance and the authoritative promulgations and listing rules in Malaysia.
KPMG’s Board Effectiveness Evaluation (BEE) methodology is a self-and-peer evaluation approach to board evaluations, providing a platform to address your board’s improvement areas as well as to identify existing strengths. Based on your corporate governance model, tailored tools such as questionnaires, interviews, document analyses, live board meeting observations and “use of time” agenda analysis will be developed to meet and exceed your needs.
The BEE exercise entails an objective assessment of the effectiveness of the board as a whole, its board committees as well as the performance and contribution of individual board members. The “BEE realm” can be encapsulated by the illustration below:
