"Conformance" Service - Detailed Explanantion ...
"Conformance" - Board Performance Reviews ...
Terminology - Important Distinction at this Level - "International" | "KSA" ...
In summary, our “Conformance” Service Offering covers BOTH interchangeably:
Any International Board – “Conformance” Board Performance Review …
Boards within The Kingdom of Saudi Arabia – “Conformance” Board Performance Review …
As it is difficult to represent all International Boards under a banner of “Global” with logos, pictures, and related information, we will illustrate this “Conformance” section with the Kingdom of Saudi Arabia and its two regulators, SAMA and the CMA, and their respective logos, pictures, and related information.
IMPORTANT – “International” =”KSA | SAMA | CMA” – please read this section accordingly. We have “Conformance” Board Performance Review models for each.
Recapping the Simple Decision Criteria from our Maturity Ladder …
GRC Consulting's Corporate Governance Maturity Ladder ...
Simple Decision Criteria ...
1. No Board Performance Assessment yet undertaken, and or NOT yet mastered the Local Corporate Governance Code = Undertake a “Conformance” Board Performance Assessment.
2. Mastery of the Local Corporate Governance Code = Undertake a “Performance” Board Performance Assessment.
We are selecting a "Conformance" Approach to Board Performance Reviews …
Why Your Interest? - As a Director or Board ...
If you are a Director or a Board of an International/KSA (SAMA/CMA) organisation, this may affect you directly and personally.
As a Director or collectively as the Board, you have two broad, high-level mandated responsibilities by Regulators:
- To ensure proper Governance across and within the Board and organisation.
- To ensure appropriate compliance with the respective Corporate Governance Frameworks.
We assist you directly with this Service in assessing your Corporate Governance position, personally in the case of an individual Director, or collectively in the case of a Board, for all Directors individually and the Board as a whole, relative to the International/KSA (SAMA/CMA) requirements of their respective Corporate Governance frameworks that you are mandated to comply with.
Are you serving on a Regulated Board, the Company Secretary, the Chief Executive Officer, or the equivalent of your organisation? Perhaps an aspiring “new Director” seeking a Board seat?
Then this GRC Consulting Service is of interest to you personally and will benefit your Board.
We assist you directly with this Service in assessing:
- Individual Directors – your Corporate Governance positioning,
- Assessing your Personal Liability Exposure relative to the Regulatory Requirements you are mandated to comply with.
- Assessing your Personal Independence Exposure relative to the Regulatory Requirements you are mandated to comply with.
- The Board – the Corporate Governance positioning of individual Directors and collectively for that of the Board,
thereby enabling, for the Board, the establishment of the Boards:
- collective current Corporate Governance position on the Corporate Governance frameworks,
- collective current Liabilities Exposure (some 75 exposures).
- collective current Independence Exposure (some 20 exposures).
- establishing the priority areas of strategic importance to the Board that require attention,
- an action plan to address shortfalls/make material improvements, and
- with the outcome of improving the Board’s capabilities and performance.
All founded on the Corporate Governance requirements under regulations that you are mandated to comply with and provide a tailored Personal and or Board Plan to then take Action – to reduce your EXPOSURE / LIABILITY and improve your Performance.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
On-Page Menu Linking ...
For your convenience, we have structured the Corporate Governance Assessment Service information on this page into the following major sections.
The headings are followed by an “On-Page Link” Button which when clicked, will navigate you directly to the selected section.
Why Your Interest? – As a Director or Board …
Why Your Interest? – Our Approach …
Why Your Interest? – Driving Market Forces …
Why Your Interest? – Historical Assessment Problems …
Why Your Interest – Our Solution to Solving the Problem …
Your Liability/Independence – Why it Matters and Why it can be Costly …
How to begin improving Governance and Performance …
Director and Board Corporate Governance Assessment – The Kingdom of Saudi Arabia …
GRC Consulting – Director and Board Corporate Governance Assessment Service …
Corporate Governance Assessment Service – Director Level Reporting …
Corporate Governance Assessment Service – Board Level Reporting …
GRC Consulting – Corporate Governance Assessment Service – Value Overview, Next Steps and Process …
Why Your Interest? - Our Approach ...
In our search to help Governing Bodies solve their complex problems, we carefully evaluated an exhaustive list of international country-based Corporate Governance frameworks, including those from KSA (SAMA/CMA) covering Governing Body/Board/Director Corporate Governance, and/or Board Evaluation Assessment Frameworks, that would aspire to the broader requirements of Improving Board and Business Performance.
The reality is:
- There are not many available, and furthermore,
- They are mostly generic and do not exceed the regulatory minimum, nor extend to what is required for business and operations.
- The assessment frameworks were similarly found to be generic, bare minimum, and lacked business and operational criteria.
- They do not utilise advanced, currently available technologies to ensure a seamless, secure, efficient, and cost-effective internet-based delivery.
In addition, we also found that:
- They were largely outdated, not kept current, and consequently,
- They are not reflective of current business practices or best practice corporate governance.
Consequently, with our focus on solving complex problems for Governing Bodies and their Executive Leadership, utilising our creative skills, methodologies, and technologies, we believed we could do better for our Governing Bodies, their Directors, and Executive Leadership.
We have therefore built a Service that directly references the mandates that Regulators impose on International and KSA (SAMA/CMA) Directors and their Boards, as well as business and operational best practices in these areas. Further, we designed the reporting and service deliverables to focus on improving specific corporate governance shortfalls highlighted, thereby improving the performance, skills, knowledge, and competence of the respective Directors and Boards.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Why Your Interest? - Driving Market Forces ...
Similarly, globally, across many jurisdictions, and in parallel with the Saudi National Transformation and Vision programs, there are, understandably, significant changes taking place internationally in many countries and across the Kingdom, and, importantly, legislatively, through the issuance of new laws and regulations.
Furthermore, the continued changes across all market-places heightens competition, raising standards and requiring improved performance, which the recent difficult global conditions have exacerbated.
Performance that has to be led by the Board, its Directors, and the organisation’s executive team.
In seeking to attract Foreign Direct Investment (FDI) and new sophisticated investors, stimulate local business, and update and enhance the fabric of countries, the demand for enhanced oversight, internationally accepted norms, stricter and more precise definitions, ethical and effective governance, and other drivers is increasing pressure.
We are focusing on the increasing Director pressures, exposure, and liability, and the pressure to increase performance, which forces are not expected to reduce but continue increasing over time.
This Service addresses these issues with the targeted outcome of improving Director and Board Performance through improved Governance.
It is therefore critical for Directors and their Boards to:
- ascertain current positions through a properly structured governance assessment, and
- actively plan and take the necessary action,
- re-evaluate potential exposures and standing relative to Corporate Governance/Director Liability/Director Independence requirements,
- to be prudent, limit exposure and potential liability, improve Corporate Governance and performance,
- stay out of harm’s way with the benefits of enhanced performance and reduced risk.
- address not only the bare minimum of Regulatory matters but also improve Performance across business and operational matters through these exercises.
This dedicated Service aims to assist you, the International/KSA (SAMA/CMA) Director, and the Board
in making the right and sensible choice and improving your performance.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Why Your Interest? - Historical Assessment Problems ...
To date, Boards have found that their valuable time spent on Board Assessments has been problematic, in that the assessments have:
- been generic and not specific to local regulatory requirements, resulting in a lack of focus on local regulatory requirements and increased regulatory risk.
- only focused, as with the Regulatory Codes, on the bare minimum and does not extend to address business and operational criteria.
- have not generated specific, local, actionable regulatory items for a board-prioritised development plan and processes.
- been conducted by external assessors without any direct connection to local regulatory and cultural knowledge.
- failed to deliver Director compliance statements as lodged formal organisational records.
- The only real value has been the onsite assessments or face-to-face meetings element. This element is also subject to the facilitator skills and the most expensive option, whilst still not delivering the best value for money.
GRC Consulting has worked hard to solve this problem and provide an improved Service for International/KSA (SAMA/CMA) regulated organisations by structuring its Director and Board Corporate Governance Assessment Service to overcome these issues and deliver an effective and efficient service.
As Corporate Governance Experts, we know of no other service offering that delivers direct, one-to-one, actionable Corporate Governance intelligence for Directors and the Board, and that supports compliance with its mandatory regulatory requirements.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Why Your Interest - Our Solution to Solving the Problem ...
Our new Director and Board Corporate Governance Assessment for the International/KSA (SAMA/CMA) Regulated Marketplaces has been specifically designed to help you ascertain your compliance with requirements, reduce liability and risk exposure, whilst focusing on improving performance, and:
- is directly and specifically tied to the Regulatory requirements (mandated compliance).
- is provided as a focused program to achieve efficiencies.
- generates directly aligned corporate governance-specific actionable items to take specific and direct action on what matters and not waste effort.
- provides individual Director and Board regulatory compliance statements (Governance/Liability/Independence) for signature/lodgment as organisational records.
- provides real value for money and savings, with a year’s contractual working and governance support period to meet your Board’s agenda over the year.
- Helps reduce Liability/Independence exposures.
- Helps improve corporate governance and business and operations, thereby improving wider performance.
As Corporate Governance Experts, we know of no other service offering that delivers direct, one-to-one, actionable Corporate Governance intelligence
for Directors and the Board, and that supports compliance with its mandatory regulatory requirements.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Your Liability/Independence - Why it Matters and Why it can be Costly ...
To highlight: as a Director or as a Board, you have 2 main Fiduciary Duties that arise because of your privileged position within the organisation:
- Duty of Loyalty, and
- The duty of loyalty is a responsibility to act in the best interests of the organisation, even when that action may conflict with a personal interest.
2. Duty of Care.
- The duty of care requires directors and officers to act with the care of an ordinarily prudent person in like circumstances.
Director Independence is a Fundamental Pillar to your ability to act.
The above is simplistic, however, without transparently being and being seen to be Independent, acting in the best interest, with due care, your/the Board’s and the organisation’s Credibility, Integrity and Reputation will be lost, and lost within a microsecond, and you may be exposed to a range of liabilities from many sources.
Therein lies the problem!!!
Our Service is designed to highlight the Regulated Corporate Governance Requirements that you, as a Director and or Board, are mandated to comply with.
We look at Evidence and Effectiveness and, in doing so, provide you with a Plan to take Action.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
How to begin improving Governance and Performance ...
As a Director or collectively as the Board, you have two broad, high-level mandated responsibilities by Regulators:
- To ensure proper Governance across and within the Board and organisation.
- To ensure appropriate compliance with the respective Corporate Governance Frameworks.
The Key Question is how to ensure proper compliance, but, more importantly, how to leverage this to be the best you can be, improve your position by starting from a solid foundation, and do so efficiently and effectively to ultimately strengthen your Performance?
Therein lies the problem!!!
Our Service is designed to highlight the Regulated Corporate Governance Requirements that you, as a Director, are mandated to comply with.
We ensure that we address the mandated Corporate Governance Framework Requirements.
We look at Evidence and Effectiveness and, in doing so, provide you with a Plan to take Action.
We also go further, looking at business and operations across the areas focused on by the regulatory framework to extend its usefulness/enhance Performance.
We do this in a structured way, with thoughtful reporting, to precisely understand your position, what needs to be done, where to focus, and how best to improve your performance, efficiently and effectively, with the least cost and delay.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Director and Board Corporate Governance Assessment
International Boards/Boards in Saudi Arabia
We have Challenged the Status Quo and Achieved Simplicity to directly benefit you.
We have thought differently to solve one of the challenges facing regulated Boards for long-term benefit.
We are providing a Unique Tailor-made Solution that delivers a Board Corporate Governance Assessment DIRECTLY aligned with International/KSA (SAMA/CMA) Regulations in beautiful simplicity.
Simple to understand, Simple to implement, and Simple to use.
We are Boardroom Leadership Governance, Risk, and Compliance Experts.
Want to work with us?
Are you Concerned? Exposed? Governance not at the right level? Could Performance be better? Do not know where to start to reduce your exposure and liability and improve your Performance?
Please don’t wait until it is too late and too expensive.
Act now and request the GRC Consulting
Director and Board Corporate Governance Assessment Service
Reduce your Liability and Independence Risk Exposure now.
Sleep more peacefully, without liability, and improved Performance because you took
the right action at the right time when no one was looking!!!
Let GRC Consulting help you reduce your exposure and liability.
Our Director and Board Corporate Governance Assessment is designed to highlight the Regulated Corporate Governance Requirements that you, as a Director, are mandated to comply with whilst helping improve business and operational Performance.
Our Board Corporate Governance Assessment for the Regulated Marketplaces has the following Key incentives and benefits (the International Assessment is drawn from best of breed local frameworks):
- directly and specifically tied to the Regulatory requirements (mandated compliance).
- quick digital delivery, saving time, money, effort, and reducing your liability with a Plan to Act.
- modular program, phased for speed of completion and results for action-taking.
- provides individual Director regulatory compliance statements for signature/lodgment.
- generates directly aligned Corporate Governance-specific, actionable items for the Board’s prioritised development plan and continual improvement processes.
- provides real value for money and savings, with a multi-tiered service option to meet your Board’s agenda over the year.
- Reduces your liability and exposure whilst focusing on developments to improve Performance.
As Corporate Governance Experts within the region, we know of no other directly relevant service offering
that delivers direct, one-to-one, actionable Corporate Governance intelligence
for Directors and the Board and its compliance with its mandatory regulatory requirements.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
GRC Consulting - Director and Board Corporate Governance Assessment Service ...
The following Section covers the GRC Consulting Director and Board Corporate Governance Assessment Service.
Please click on each of the “Toggle Indicators” or Overview Headings to display or close the relevant Sub-Sections:
Corporate Governance Assessment Service – Basis of Assessment …
We base the Corporate Governance Assessment on the criteria that you can base your Performance and follow up Development Plan actions on:
1. Evident:
The degree to which your Contributions are plain, obvious, clearly seen, tangible, “in support of”.
This is reflective of “work ethic/evidence“.
2. Effective:
The degree to which your Contributions are successful in producing the desired results.
This is reflective of “Performance”.
If you were in front of an Authority, being questioned, the focus of interest may be on:
What Evidence – is there to corroborate your position? – “work ethic/evidence”.
Focusing on Performance to become a “High Performing Governing Body/Director”, the focus will be:
How Effective – were you, such that your claim/position is substantiated? – “Performance”.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Corporate Governance Assessment Service – Our Service Offering …
Our Service Offering to Your Board …
(This addresses Board “Conformance” or “Performance” Reviews – as defined by us.)
12-month Governance Partnership …
We will contract with you for 1 year to achieve sustained, long-term Corporate Governance Performance Improvement.
Chair – Provision of One-to-One Governance Expertise …
We will also separately provide the Chair, on a DIRECT ONE-TO-ONE BASIS, or with the Chair’s replacement designated senior authorised Board point of contact, with a structured, regular call-and-discussion forum that will focus on the Corporate Governance Performance Improvement work and also serve as a support source accessible by the Chair for Corporate Governance matters at large. This will be on the basis that the discussions are built into the contract. If we are required/requested to proceed beyond “discussing”, we will raise a separate charge for approval.
Agile Methodology …
We will work with your Board in small, regular components and focused areas over the year; Directors are busy people with lots to do, and we respect their time while leading this mandate for success.
Success Outcome Oriented …
We will work with the organisation’s designated corporate governance contact points on an ongoing basis via structured sessions to formulate the required detail and project development-approved pipeline for Corporate Governance Performance Improvements to achieve successful outcomes.
We Intergrate …
We will work with you on the basis of being “part of your team” and “tied to your success” and the realisation of concrete Corporate Governance Performance Improvement outcomes.
Credability and Trust …
We will analyse the results timeously, making regular, timely recommendations for Corporate Governance Performance Improvements to the designated Board Contact point for approval, and follow an agreed-upon process to prioritise them.
Conformance …
For “Conformance” mandates, we will provide your Board with auditable evidence of the Board’s positions with respect to a regulatory Corporate Governance Framework (KSA – CMA and SAMA’s Regulatory Corporate Governance Framework | for international organisations – a generic, but representative Regulatory Corporate Governance Framework).
We Go Further – Past Regulatory Performance Minimums – To Business and Operations
We will also go further and beyond the scope of these frameworks, which are the absolute minimum of Performance aspirations, to business and operational positions aligned with the board areas of these frameworks, specifically to help the Board structure, strategise, and run your business to achieve broad Corporate Governance Performance Improvement.
Which you will never get from an assessment against a Corporate Governance framework on its own. GRC Consulting’s Unique Service Offering.
Performance …
For “Performance” mandates, we will provide your Board with auditable evidence of the Board’s positions with respect to International Best Practice Corporate Governance and Board Dynamics, covering a wide spectrum of the best of the best, free and focused above local Corporate Governance levels, to specifically help the Board to structure, strategise, and run your business to achieve broad Corporate Governance Performance Improvement.
Auditable Evidence and Outcomes that Matter …
We will position the Board (and its organisation), based on successfully completing the Board Performance Review and successfully implementing the highlighted recommendations, to be able to competently demonstrate, with auditability, its performance stance with respect to local regulatory Corporate Governance Frameworks and therefore, when appropriate, understand further Corporate Governance Performance Improvement work by engaging in a “Performance” mandate.
As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one-to-one, actionable Corporate Governance intelligence for Directors and the Board and its compliance with its mandatory regulatory requirements.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
How it Works – Tailoring the Governance Frameworks …
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Corporate Governance Assessment Service - Director Level Reporting …
The following Section covers the GRC Consulting Director Corporate Governance Assessment Service – Director Level Reporting.
Please click on each of the “Toggle Indicators” or Overview Headings to display or close the relevant Sub-Sections:
Assessment Service – Director Reports Provided …
Corporate Governance Assessment Service – Director Level Reporting …
We provide 4 levels of Reports for the Director Service Offering (“Director Reports Provided”):
- Category Reports:
The Category Reports take into account all Corporate Governance Items within a specific Category, which we reflect within a Corporate Governance Results Table, that includes individual Corporate Governance Assessment reporting item metrics and the Category’s total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category.
- Section Reports:
The Section Reports take into account all Corporate Governance Items within a Category’s Sub-section, which we reflect in a Corporate Governance Results Table that includes the Sub-section’s individual Corporate Governance Assessment reporting item metrics and the Category’s Sub-section total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category Sub-section.
- Special Reports:
Special Reports reflect specific areas of focus, whether combining across Category/Sub-sections, to highlight business aspects, governing body, corporate governance, standards, management, or other aspects of importance.
- Regulatory Reports:
These reports summarise, at a line-level, the results in direct relation to their originating Regulatory Corporate Governance Framework references, enabling the correct identification of both the Corporate Governance item and its regulatory reference, and therefore results positioning and downstream work.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Director Reports Provided – Category Reports Illustration …
- Category Reports:
The Category Reports take to account all Corporate Governance Items within a specific Category, which we reflect within a Corporate Governance Results Table, that includes individual Corporate Governance Assessment reporting item metrics and the Category’s total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category, based upon Item “Total Score”.
The illustration, for an individual director, reflects separately the specific Category, which Category Report is produced across all Categories.
The Table below reflects the Heading of the specific Category in question, within a Header and Footer, in between which would be listed all of the respective governance Category Items, by “Ref #”.
In addition, the Table reflects the Basis of Voting results, by way of:
- Evident
- Evident Score
- Evident Standard Deviation
- Effective
- Effective Score
- Effective Standard Deviation
- Total Score
- Being the cumulative value of Evident and Effective scoring
The Footer reflects column-wise results and statistics/calculations, covering:
- Total Score
- Overall Average
- Lowest Score
- Highest Score
The Category Report illustration below, in which only a portion is reflected, is a single high-level page summary report that reflects the 6 GRC Consulting classification format of the Corporate Governance Framework Categories and respective Sub-Section total results, with accompanying Heat Map Graphs for each Category.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Director Reports Provided – Section Reports Illustration …
- Section Reports:
The Section Reports take to account all Corporate Governance Items within a Category’s Sub-section, which we reflect within a Corporate Governance Results Table, that includes that Sub-section’s individual Corporate Governance Assessment reporting item metrics and the Category’s Sub-section total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category Sub-section, based upon Item “Total Score”.
The illustration, for an individual director, reflects separately the specific Category and Sub-Section, which Section Report is produced across all Categories for all Sub-Sections.
The Table below reflects the Heading of the specific Category and its respective Sub-Section in question, within a Header and Footer, in between which would be listed all of the respective governance Category Items, by “Ref #”.
In addition, the Table reflects the Basis of Voting results, by way of:
- Evident
- Evident Score
- Evident Standard Deviation
- Effective
- Effective Score
- Effective Standard Deviation
- Total Score
- Being the cumulative value of Evident and Effective scoring
The Footer reflects column-wise results and statistics/calculations, covering:
- Total Score
- Overall Average
- Lowest Score
- Highest Score
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Director Reports Provided – Special Reports Illustration – Top 10 …
- Special Reports:
Special Reports reflect specific areas of focus, whether combining across Category/Sub-Sections, to highlight business aspects, governing body, corporate governance, standards, management or other aspects of importance.
The illustration, for an individual director, reflects separately the Special Report Topic, laid out in a similar fashion.
The Table below reflects the Heading of the Special Report in question, within a Header and Footer, in between which would be listed all of the respective governance Category Items, by “Ref #”.
In addition, the Table reflects the Basis of Voting results, by way of:
- Evident
- Evident Score
- Evident Standard Deviation
- Effective
- Effective Score
- Effective Standard Deviation
- Total Score
- Being the cumulative value of Evident and Effective scoring
The Footer reflects column-wise results and statistics/calculations, covering:
- Total Score
- Overall Average
- Lowest Score
- Highest Score
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Director Reports Provided – Regulatory Reports Illustration …
- Regulatory Reports:
These reports summarise, at a line-level, the results in direct relation to their originating Regulatory Corporate Governance Framework references, enabling the correct identification of the Corporate Governance item by its regulatory reference and, therefore, results positioning and downstream work.
In these high-level “single Traffic-Light System” line reports, we illustrate under the respective column “Assessment Scorings”, the:
- Para Nos – Corresponding to respective Regulatory Corporate Governance Frameworks
- Evident
- Evident Score
- Evident Standard Deviation
- Effective
- Effective Score
- Effective Standard Deviation
- Total Score
- Being the cumulative value of Evident and Effective scoring
- Being the cumulative value of Evident and Effective scoring
The “Traffic-Light System” is colour-coded to show the respective basis of voting scoring and its corresponding colour on the Heat Map Graphs, for consistency and to aid visual evaluation of scoring results and outcomes, by regulatory reference.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Corporate Governance Assessment Service - Board Level Reporting …
The following Section covers the GRC Consulting Director Corporate Governance Assessment Service – Board Level Reporting.
Please click on each of the “Toggle Indicators” or Overview Headings to display or close the relevant Sub-Sections:
Board Reporting – Understanding the Differences …
Board Reporting differs from that of individual Directors, driven by the following Key factors:
Section and Factor
Driver Implication for Reporting
- Board of Directors
= Multiple Directors
Note:
1.C. and 1.D. are reflected in the “Detailed Analysis Report”, together with other detailed Corporate Governance Item information, which is only possible at a Board level. Please refer to the Section “Board Reports Provided” for a summary description.
1.A. Board Summaries – “Board Reports Provided“.
1.B. Individual Director Summaries. Section – “Director Reports Provided”
1.C. Record of Voting Spreads by Director on each Competency.
1.D. Standard Deviation of Director Voting on each Competency.
1.E. Board Compliance Statement Sign-off by the Chairman of the Board and Individual Compliance Statements for each Director.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Assessment Service – Board Reports Provided …
Corporate Governance Assessment Service – Board Level Reporting …
We provide 7 levels of Reports for the Board Service Offering (“Board Reports Provided”):
- Category Reports:
The Category Reports take into account all Corporate Governance Items within a specific Category, which we reflect within a Corporate Governance Results Table, that includes individual Corporate Governance Assessment reporting item metrics and the Category’s total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category.
- Section Reports:
The Section Reports take into account all Corporate Governance Items within a Category’s Sub-section, which we reflect in a Corporate Governance Results Table that includes the Sub-section’s individual Corporate Governance Assessment reporting item metrics and the Category’s Sub-section total metrics.
Additionally, we reflect an associated Heat Map Graphic of all Corporate Governance Items within the Category Sub-section.
- Special Reports:
Special Reports focus on specific areas, whether combining across Category/Sub-sections to highlight business aspects, the governing body, corporate governance, standards, management, or other aspects of importance.
- Regulatory Reports:
These reports summarise, at a line-level, the results in direct relation to their originating and respective International/KSA (SAMA/CMA) Corporate Governance Framework references, to enable correct identification of both the Corporate Governance item and its regulatory reference, and therefore results positioning and downstream work.
5. Detailed Analysis Reports:
These reports summarise at an individual Corporate Governance Item level, all details pertaining to that item, including separate Evident and Effective Voting Spreads and Standard Deviations, together with a summary comparison analysis of the rating of the individual Corporate Governance Item, relative to the Average Category Statistics, the Corporate Governance Item narrative, and individual Heat Map Graphs.
6. Action Plan Reports:
These reports summarise, for selected and agreed upon Corporate Governance Items, their summary headline metrics, together with the Action Plans Components developed to address each item, including assessment of: Item Options or Steps for Remediation; Improvement Cost Estimate; Improvement Effectiveness; Improvement Benefit Analysis; Responsibility for Implementation; Timetable for Implementation; Responsible for Monitoring; Control Priority; as a basis for taking appropriate action.
‘7. Compliance Statement Reports:
These reports summarise the identified Regulatory Board-level and Personal Director 1. Corporate Governance, 2. Liability, and 3. Independence requirements mandated within the respective Corporate Governance Frameworks, averaged across all Directors for the Board, and for the Chairman’s signature, with the equivalent Directors Compliance Statement reflecting the respective Director scorings for their individual signatures.
Note: The 1. Category: 2. Section 3. Special, and 4. Regulatory Reports for the Board reflect: A. The Board’s name: B. The average scoring submissions of all participating Directors. Report illustrations are not replicated here but may be viewed under the “Directors’ Reports Provided” Section, with these differences in mind.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Board Reports Provided – Tabular Analysis …
“Board” refers to aggregated and averaged information across all Board Directors.
“Director” refers to individual response information from an individual Director and is reported as such.
The “Green Circled Tick” indicates that the Report is provided primarily under the respective headings.
Report Description …
Board
Director
1. Category Reports.
2. Section Reports.
3. Special Reports.
4. Regulatory Reports.
5. Detailed Analysis Reports.
6. Action Plan Reports.
7. Compliance Statement Reports.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Board Reports Provided – Detailed Analysis Reports Illustration …
5. Detailed Analysis Reports:
These reports summarise at an individual Corporate Governance Item level, all details pertaining to that item, including separate Evident and Effective Voting Spreads and Standard Deviations, together with a summary comparison analysis of the rating of the individual Corporate Governance Item, relative to the Average Category Statistics, the Corporate Governance Item narrative and individual Heat Map Graph.
5. Detailed Analysis Reports
Refer opposite for a selection of illustrated Item Graphs:
- 1.1. Duties, Roles and Responsibilities
- 1.2. Independence & Conflicts
- 1.3. Actions & Conduct
Refer to the Graphic below that reflects the reports Detailed Analysis Report Component Descriptions.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Board Reports Provided – Action Plan Reports Illustration …
6. Board Action Plans
We will provide or agree with you a Template Format to gather Board Governance Action Planning data for the Top High Priority Governance Improvement Items and or recommend from our prior Reporting, or agree with you, which Governance Improvement Items you wish to Action Plan, for electronic delivery to individual, specified or identified groups of Directors as appropriate. All Directors will have significant latitude to be responsible but also to view fellow Directors Plans, etc., prior to this step’s completion.
As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one-to-one, actionable Corporate Governance intelligence for the Board and its Directors, and that supports your compliance with the mandatory regulatory requirements.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Board Reports Provided – Compliance Statement Reports Illustration …
In addition to the Board Illustration Reports below, each individual Director is also provided with their Compliance Statement Report for respective signature.
7. Compliance Statement Reports.
The Board Governance Assessment Report, comprising:
Opposite:
- The Section Pages
- The Section combined Graph
Below:
Compliance Statement Signature Section for the Chairman of the Board.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
GRC Consulting - Corporate Governance Assessment Service
Value Overview, Next Steps and Process ...
The following Section covers the GRC Consulting – Corporate Governance Assessment Service Value Overview, Next Steps and Process.
Please click on each of the “Toggle Indicators” or Overview Headings to display or close the relevant Sub-Sections:
Your Benefits …
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Our Expertise …
GRC Consulting understands your concern and, importantly, your Corporate Governance exposure, and the importance of improving performance.
We are Boardroom Leadership Corporate Governance experts.
We have a perfect, tailor-made digital solution to assist you.
Delivered electronically, no fuss, no pain, maximum gain.
Delivered in beautiful simplicity.
Simple to understand, Simple to Implement, and Simple to use.
Itemised Reporting tailored to you individually.
Graphical analysis and “heat maps” of your assessment results, identifying your priority action items.
A defensible document to help you plan, act, stay out of liability to exposure, but importantly, improve your position, skills, knowledge, competence, and Performance.
Provides you with a rated assessment of your Corporate Governance position.
Provides you with a rated assessment of your exposure to the approximately 75 Identified Personal Director Liability requirements.
Provides you with a rated assessment of your exposure to the more than 20 Identified Personal Director Independence requirements.
under International/KSA Corporate Governance Regulated frameworks.
An excellent road map for you to incorporate into your Director Development and Improvement Plan.
Simple to understand, Simple to implement, and Simple to use.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Our Solution …
We are providing a Unique Tailor-made Solution that delivers a
Director and Board Corporate Governance Assessment
DIRECTLY aligned to International/KSA (SAMA/CMA) Regulations.
Provides everything you need to show the Regulator on Corporate Governance and what you need to focus on to improve your Performance.
Provided by Boardroom Leadership Governance, Risk and Compliance Experts.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Your Next Steps …
We are providing a Unique Tailor-made Solution that delivers a
Director and Board Corporate Governance Assessment
DIRECTLY aligned to International/KSA (SAMA CMA) Regulations
in beautiful simplicity.
Simple to understand, Simple to implement and Simple to use.
We are Boardroom Leadership Governance, Risk and Compliance Experts.
Want to work with us?
Contact us on our contact points.
Talk soon.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
The Process – Board Corporate Governance Assessment Service …
As Corporate Governance Experts within the region, we know of no other service offering that delivers direct, one-to-one, actionable Corporate Governance intelligence to the Board and supports its compliance with its mandatory regulatory requirements.
Want to work with us?
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Corporate Governance Assessment Service – Process after Click and Purchased …
In more detail, for your comfort, the process map below outlines the overview step-by-step sequence of events,
from the time you have clicked on the link to purchase this service offering,
through to you receiving the Final Reports that provide you,
with your tailored and personal Plan to then take action.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
Your Next Step:
If you are serious about improving your Corporate Governance Performance, in keeping with our “Principles – Board Performance Reviews” and to work towards a contractual engagement, please provide the preliminary information structured on our form opposite by clicking the “Complete” button. We will review and revert to you.
On-Page Menu Linking ...
For your convenience, we have structured the Corporate Governance Assessment Service information on this page into the following major sections.
The headings are followed by an “On-Page Link” Button which when clicked, will navigate you directly to the selected section.
Why Your Interest? – As a Director or Board …
Why Your Interest? – Our Approach …
Why Your Interest? – Driving Market Forces …
Why Your Interest? – Historical Assessment Problems …
Why Your Interest – Our Solution to Solving the Problem …
Your Liability/Independence – Why it Matters and Why it can be Costly …
How to begin improving Governance and Performance …
Director and Board Corporate Governance Assessment – The Kingdom of Saudi Arabia …
GRC Consulting – Director and Board Corporate Governance Assessment Service …
Corporate Governance Assessment Service – Director Level Reporting …
Corporate Governance Assessment Service – Board Level Reporting …
GRC Consulting – Corporate Governance Assessment Service – Value Overview, Next Steps and Process …