Abacus by admin | Apr 28, 2020 | 0 comments Welcome to the Abacus survey as prepared by CorpStat Governance Service Please click next to start. There is no time limit. Name Surname CREATING AN EFFECTIVE BOARD The board’s composition is appropriate in terms of the number and experience of directors (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has the necessary skills, industry knowledge and expertise to fulfill its role (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has the necessary diversity in terms of gender, race, nationality and age (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board clearly understands its role and responsibilities (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board members are appointed through a formal process (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board members have a sufficient understanding of the company and the sector in which it operates (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board members demonstrate the highest level of integrity (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board plays an appropriate pro-active role in change (Agree/Disagree) Agree Disagree If you disagree, please tell us why Most board members are independent non-executive directors (Agree/Disagree) Agree Disagree If you disagree, please tell us why There is a clear division of responsibilities between the board and the CEO (Agree/Disagree) Agree Disagree If you disagree, please tell us why Succession planning is in place for board members (Agree/Disagree) Agree Disagree If you disagree, please tell us why RUNNING AN EFFECTIVE BOARD The board has in place a set of objectives that seek to enhance its effectiveness (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board’s workload is being dealt with effectively (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board members work together constructively as a team (Agree/Disagree) Agree Disagree If you disagree, please tell us why There is a level of independent behaviour in the boardroom (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board meetings are conducted in a manner which encourages open discussion, healthy debate and allows each board member to clearly add value to discussion and decisions (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board’s discussions enhance and assists management’s decision making (Agree/Disagree) Agree Disagree If you disagree, please tell us why The directors are enthusiastic, informed and fully committed to serving on the board (Agree/Disagree) Agree Disagree If you disagree, please tell us why The directors and the Chief Executive Officer have created a relationship that promotes open and frank discussion (Agree/Disagree) Agree Disagree If you disagree, please tell us why The relationship between a) the board and b) the CEO, CFO and members of the senior management team strikes the right balance between challenge and mutuality (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has in place a set of objectives that seek to enhance its effectiveness (Agree/Disagree) Agree Disagree If you disagree, please tell us why BOARD PROCESSES The Board has an appropriate charter and workplan (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board workplan is up to date and regularly reviewed (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board meetings allow enough time for the discussion of substantive matters (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board meeting agendas and related board papers are circulated in a timely manner to enable full and proper consideration to be given to the important issues (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board papers are of an acceptable quality (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board meeting minutes are clear, accurate, consistent, complete and timely (Agree/Disagree) Agree Disagree If you disagree, please tell us why Outstanding actions arising from board meetings are properly followed up (Agree/Disagree) Agree Disagree If you disagree, please tell us why That the board is kept up to date between meetings, on all material matters affecting the company (Agree/Disagree) Agree Disagree If you disagree, please tell us why COMMITTEES The board has appointed the right committees to deal with matters related to specialist areas (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has an effective and independent Audit Committee (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board is adequately informed of each committee’s activities? (Agree/Disagree) Agree Disagree If you disagree, please tell us why STEWARDSHIP The board understands and fulfills its stewardship role? (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board provides ethical and effective leadership to the company (Agree/Disagree) Agree Disagree If you disagree, please tell us why The company has implemented the Code of Ethics that it is properly monitored (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board acts as the focal point for a custodian of corporate governance (Agree/Disagree) Agree Disagree If you disagree, please tell us why The Company is seen to be a responsible corporate citizen (Agree/Disagree) Agree Disagree If you disagree, please tell us why Board members are fully informed in relation to directors’ and officers’ insurance (Agree/Disagree) Agree Disagree If you disagree, please tell us why There is an adequate policy in place for dealing with potential conflicts of interest and confidential information (Agree/Disagree) Agree Disagree If you disagree, please tell us why Any real or potential conflict of interest in the boardroom is adequately dealt with (Agree/Disagree) Agree Disagree If you disagree, please tell us why SENIOR MANAGEMENT The board sets key performance areas and appropriate targets for the CEO and executive management (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has in place a rigorous process to evaluate the performance of the CEO, and Senior Management (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board is appropriately engaged in CEO/Executive Management succession planning (Agree/Disagree) Agree Disagree If you disagree, please tell us why There is an appropriate delegation of authority in place for management and it is regularly reviewed (Agree/Disagree) Agree Disagree If you disagree, please tell us why PERFORMANCE MEASURES Existing performance measures are linked to the company’s strategy? (Agree/Disagree) Agree Disagree If you disagree, please tell us why The company’s performance is adequately benchmarked against its peers (Agree/Disagree) Agree Disagree If you disagree, please tell us why Management’s remuneration is appropriately linked to the company’s performance and an appropriate peer group (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has in place an appropriate process for board and committee evaluation (Agree/Disagree) Agree Disagree If you disagree, please tell us why STRATEGIC FORESIGHT The board has full and effective control of the company and the business and proper and adequate oversight in respect of all material issues affecting the company (Agree/Disagree) Agree Disagree If you disagree, please tell us why The non-executive directors constructively contribute and play a prominent role in the development, approval and monitoring of the business strategy (Agree/Disagree) Agree Disagree If you disagree, please tell us why Directors are clear on the strategy going forward (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board receives adequate information on the key drivers of the business from management (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board appropriately evaluates/considers strategic risks (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board devotes significant time to determine the emerging issues that could affect the company in the future (Agree/Disagree) Agree Disagree If you disagree, please tell us why Most of the board’s time is spent on issues relating to the strategic direction and not day-to-day management responsibilities (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board’s comprehension of the company’s purpose, vision, mission and strategic plan is reflected in actions taken in the boardroom (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board approves the annual budget (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board monitors the operational and financial performance of the company against the approved budget and targets (Agree/Disagree) Agree Disagree If you disagree, please tell us why The Board is adequately involved in setting and approval of material financial and non-financial policies for the company (Agree/Disagree) Agree Disagree If you disagree, please tell us why FINANCIAL REPORTING There are effective controls in place and the board governs and directs the company’s business as a going concern (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board properly scrutinizes the annual financial statements (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has assessed the risk of deliberate or unintentional manipulation of financial information (Agree/Disagree) Agree Disagree If you disagree, please tell us why You are provided with sufficient information and/or explanation regarding transactions, estimates or forecasts by management which could have a material impact on financial information (Agree/Disagree) Agree Disagree If you disagree, please tell us why At least one member of the board is technically proficient to be able to assess the entity’s compliance with International Financial Reporting Standards (Agree/Disagree) Agree Disagree If you disagree, please tell us why You are afforded sufficient opportunity to question Management specifically regarding financial information (Agree/Disagree) Agree Disagree If you disagree, please tell us why The reasons provided by Management for variations in financial information from the prior year and budget are sufficient and easily comprehensible (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board assumes ultimate responsibility for risk governance (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board oversees the implementation of the risk management policy and plan by management (Agree/Disagree) Agree Disagree If you disagree, please tell us why The company’s risk management processes provide to the board a full understanding of the high-risk issues that could impact the company, including reputational risk (Agree/Disagree) Agree Disagree If you disagree, please tell us why There are effective controls in place to mitigate and/or manage material risks (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board monitors compliance relating to applicable laws (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board assumes responsibility for IT Governance (Agree/Disagree) Agree Disagree If you disagree, please tell us why There is an effective risk-based internal audit function (Agree/Disagree) Agree Disagree If you disagree, please tell us why There are proper and adequate whistleblowing procedures in place (Agree/Disagree) Agree Disagree If you disagree, please tell us why VALUE CREATION The board/management have adequate mechanisms for communicating with shareholders (Agree/Disagree) Agree Disagree If you disagree, please tell us why The board has clearly identified the company’s major stakeholders and the ‘value’ each requires? (Agree/Disagree) Agree Disagree If you disagree, please tell us why Financial and non-financial value drivers are in place to focus on the enhancement of value (Agree/Disagree) Agree Disagree If you disagree, please tell us why The company creates major stakeholder value (Agree/Disagree) Agree Disagree If you disagree, please tell us why Bad news is communicated to the board as it arises (Agree/Disagree) Agree Disagree If you disagree, please tell us why PROFESSIONAL DEVELOPMENT New board members are given an appropriate induction programme (Agree/Disagree) Agree Disagree If you disagree, please tell us why The Board receives appropriate ongoing training and development (Agree/Disagree) Agree Disagree If you disagree, please tell us why Time is Up! Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.
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