The AICD offers several different tools designed to assist boards in assessing attributes of their governance arrangements.
Board members are provided with a series of “good governance” statements designed by the AICD, which they are asked to assess in their board’s context.
A confidential report is prepared by the AICD which outlines the results of the review, including those areas perceived by board members as areas of governance strength, and those areas considered to present potential opportunities for improvement.
These tools provide:
- a framework for guided self-assessment
- an opportunity for board members to contribute their views and gain a deeper appreciation of others' views
- a mechanism for the board to surface governance issues (in part due to the AICD's de-identification of responses in its report)
- a grounding for board discussions focused on determining areas of improvement and action plans.
1. Governance Analysis Tool
Our proprietary Governance Analysis Tool (GAT) is designed to focus the board’s attention on a broad set of governance matters.
Based on Company Directors’ Corporate Governance Framework™, the GAT considers governance aspects relating to individual directors, the board, the organisation, and the organisation’s stakeholders.
Board members are provided with a series of approximately 155 “good governance” statements that go to the heart of the area to be examined. Statements are assessed on a maturity rating scale and are supported by guidance notes describing the area under review, how it is applied and what directors should be observing as leading practice, offering an educational element to the review process where this may be of benefit.
The GAT is likely to be most suitable for those boards seeking to:
- consider a wide coverage of governance matters
- provide an educational element for participants.
Find out more.
Click here for a demo of the GAT.
2. Board Review
Our Board Review Tool is designed to focus on key drivers of board performance.
The Board Review covers areas such as:
- the role of the chair
- board membership
- the board's approach to strategy, risk, CEO arrangements and organisational culture
- board meetings and papers
- board dynamics
- the board’s interaction with management.
Board members are presented with approximately 75 to 80 good governance statements and asked to assess these in their board’s context. Statements are assessed on a maturity rating scale.
The Board Review is likely to be most suitable for those boards:
- seeking to focus on matters impacting board performance
- that have a relatively sound knowledge of governance, and prefer a series of relatively short, sharp governance statements for assessment (in other words, are not looking for a general educational component).
Click here for a demo of the Board Review.
3. Not-For-Profit Diagnostic Tool
The AICD has published its Not-for-Profit Governance Principles (the Principles). To help support those NFP organisations seeking to follow the Principles, the AICD has developed the Not-For-Profit Diagnostic Tool.
Board members are presented with a series of statements (some in matrix format) that align to the Principles, and are asked to assess these statements in their board’s context (approximately 130 assessments in total). In addition, there are a small number of supplementary open-ended questions.
Statements are assessed on an agreement scale, and board members have access to the Principles while undertaking their assessments.
One of the benefits of using the NFP Diagnostic Tool, is that the AICD publishes a range of guides for use by its members to supplement the Principles.
The NFP Diagnostic Tool is likely to be most suitable for those NFP boards seeking to follow the Principles, and looking for a way to demonstrate their commitment to this end.
Find out more.