IOD “Board Research & Advisory” (BR&A) Division renders specialised Advisory, Consultancy and Training services, in the following areas:

• Board & Directors' Performance Evaluation (incl. Board Processes)
• Corporate Governance Compliances

Our unique service streamlines client's evaluation process then delivers a valuable report and actionable results. It has proved beneficial even to existing well-run boards, reinforcing appropriate roles and responsibilities, giving the board and the directors a regular opportunity to review their critical issues and effectiveness; and then determine whether they are performing adequately to protect the interests of all stakeholders.

• Independent and objective conduct of evaluation, customized formulation of Evaluation Policy, and related services for effective Board functioning.
• Improved shareholders confidence in the dynamics of Board processes and company's performance.
• Improved Governance Ratings

The intent of the Companies Act, 2013 as well as that of the SEBI (LODR) Regulations, 2015 is that evaluations should be conducted by the Nomination and Remuneration Committee. There is no bar for the Board and the Nomination and Remuneration Committee to seek the assistance and guidance of external independent board experts. IOD's Board Expert Committee comprises of eminent personalities from industry, academics, independent consultants, leading advocates who have been Director/Chairman of reputed Companies and/or member(s) of the Committees of the Board.

BR&A conducts the Board's Performance Evaluation Service through Self-Assessment Questionnaires, Confidential Discussions/ Interviews with Promoters, Directors, Sr. Management, NEDs , IDs and Auditors, Observing Board and Committee meetings, Review of Board Papers, Board Cultural analysis, and Workshop/Training, followed by Presentation of Evaluation Report with Actionable Results by the board experts.

Yes, the process is undertaken by IOD's team of Board & Corporate Governance Experts and International Consultants. We are known for our innovative thinking and using customized methods that meet the unique needs of our clients. Working with our clients, we determine the most effective means of approaching these evaluations based on where the organization is on its governance journey and where it aspires – and needs – to be.

The process for running a board is called the board process and includes Appointment and/or selection of Board members, the setting of clear board objectives, the dissemination of documents or board package to the board members, the collaborative creation of an agenda for the meeting, the creation and follow-up of assigned action items, and the assessment of the board process through standardized assessments of board members, owners, and CEOs.

The Companies Act, 2013 has introduced significant changes regarding the Board composition and has a renewed focus on board processes. IOD critically evaluates the Board processes to determine their effectiveness and also check their compliance with the applicable laws.

The various steps are detailed below:

It is a (2 - 3 weeks) condensed process, followed by presentation of Evaluation Report with company specific recommendation by the board experts.

IOD is a non-profit organisation and the fee structure thus is customized, and based on organisation, tasks and location, including the following:-
Board Structure |  Composition and Committees

• Size of organisation – Financial and Manpower
• Listing on Stock Exchange and Corporate Governance Framework
• No. of Visits and expert days required by the Board Experts

For overseas clients suitable dollar fees would be charged.

Yes, IOD is known for its credibility, tact, diplomacy and candour for communicating results to all specified parties. Reporting results is only the beginning. All of our evaluations include recommendations for next steps in all facets of the assessment, be they governance structure, process, behaviour or culture.