{
  "version": 3,
  "sources": ["ssg:https://framerusercontent.com/modules/cum6vxnO7slp7zOx9ZvI/Cs1akJCV173oG9M8OSVE/LirKPvwBI-3.js"],
  "sourcesContent": ["import{jsx as e,jsxs as t}from\"react/jsx-runtime\";import{Link as a}from\"framer\";import{motion as n}from\"framer-motion\";import*as r from\"react\";export const richText=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Such reviews are essential not only for compliance and meeting regulatory standards but also for ensuring that the board remains dynamic, responsive and aligned with the organisation\u2019s long-term goals. This article will guide you through the foundational aspects of conducting a board performance review. We'll explore who should undertake the evaluation, what questions should be asked to collect meaningful insights and how the results can be utilised to enhance board performance.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"Understanding the nuances of these evaluations will help your board not only meet but exceed expectations, driving your organisation towards sustained success. Whether you are a seasoned director or a newly appointed board member, this guide will equip you with the knowledge and tools necessary to critically assess and improve your board's effectiveness.\"}),/*#__PURE__*/e(\"h3\",{children:\"What is a board performance review?\"}),/*#__PURE__*/e(\"p\",{children:\"A board performance review is a formal evaluation process aimed at assessing the effectiveness and efficiency of a board of directors. This review is critical in ensuring that the board is functioning optimally and fulfilling its responsibilities to the stakeholders of an organisation.\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"How do you perform a board performance review?\"}),/*#__PURE__*/e(\"ol\",{children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Pick a process\"})})}),/*#__PURE__*/t(\"p\",{children:[\"Begin by selecting the most appropriate process for conducting your board evaluation. You can opt for self-created internal surveys, which are cost-effective and simple to set up. Keep in mind that they may not provide enough detail for a complete evaluation and might seem shallow. It is also hard to maintain anonymity and integrity of a fully internal process, which may lead to respondents not being fully transparent. This lack of transparency can result in incomplete or biased feedback, undermining the effectiveness of the evaluation. Alternatively, using \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/platform\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"digital evaluation tools\"})}),\" like BoardClic can offer a more comprehensive and objective way of evaluating the board, providing benchmarking capabilities and a deeper analysis.\"]}),/*#__PURE__*/e(\"ol\",{start:\"2\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Appoint the leadership\"})})}),/*#__PURE__*/e(\"p\",{children:\"The leadership of the online board evaluation process is crucial. According to the Organisation for Economic Co-operation and Development (OECD), the responsibility should fall to either the chair, the lead independent board, or a specific board committee, usually the nominating committee. The chosen leader should be capable of engaging directors fully and extracting valuable insights from the process.\"}),/*#__PURE__*/e(\"ol\",{start:\"3\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Select the questions\"})})}),/*#__PURE__*/e(\"p\",{children:\"The essence of a valuable evaluation lies in the questions asked. Focus on important issues like understanding board roles, meeting effectiveness, and board dynamics, and avoid asking trivial questions. Create questions that prompt detailed and useful responses instead of just yes or no replies.\"}),/*#__PURE__*/e(\"h5\",{children:\"Example questions:\"}),/*#__PURE__*/e(\"p\",{children:\"How clearly do you understand the role of the board within our company?\"}),/*#__PURE__*/e(\"p\",{children:\"How effective do you find the board meetings? Are they fulfilling their intended purposes?\"}),/*#__PURE__*/e(\"p\",{children:\"Are board papers and necessary materials delivered in a timely manner to facilitate adequate preparation?\"}),/*#__PURE__*/e(\"p\",{children:\"How would you describe the dynamics and interaction among board members during meetings?\"}),/*#__PURE__*/e(\"p\",{children:\"How well do you understand the function and role of the various committees within the board?\"}),/*#__PURE__*/e(\"p\",{children:\"Has the board effectively identified the skills it needs to address future challenges?\"}),/*#__PURE__*/e(\"p\",{children:\"How well informed do you feel about the industry in which our company operates?\"}),/*#__PURE__*/e(\"p\",{children:\"How would you assess the diversity of the board in terms of background, expertise and perspective?\"}),/*#__PURE__*/e(\"p\",{children:\"How confident are you in the board\u2019s crisis management plan and capabilities?\"}),/*#__PURE__*/e(\"p\",{children:\"Does the board allocate sufficient time to discussing and managing risk?\"}),/*#__PURE__*/e(\"p\",{children:\"Is there adequate time dedicated to discussing strategic directions and decisions?\"}),/*#__PURE__*/e(\"p\",{children:\"How would you rate the strength of the relationship between the board and management?\"}),/*#__PURE__*/e(\"p\",{children:\"How strong is the relationship between the board and the CEO?\"}),/*#__PURE__*/e(\"p\",{children:\"How effective do you find the chair in leading the board?\"}),/*#__PURE__*/e(\"p\",{children:\"How effectively does the chair foster an atmosphere of collaboration and trust?\"}),/*#__PURE__*/e(\"p\",{children:\"How well does the chair manage dissent and differing opinions in the boardroom?\"}),/*#__PURE__*/e(\"ol\",{start:\"4\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Compare with the industry and peers\"})})}),/*#__PURE__*/e(\"p\",{children:\"To gauge the effectiveness of your board, compare your findings against industry benchmarks as well as your peers. This comparison can help you see how your board measures up to others in the same industry and among similar organisations.. You can use tools like Boardclic to get the data and insights you need.\"}),/*#__PURE__*/e(\"ol\",{start:\"5\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Plan the evaluation\"})})}),/*#__PURE__*/e(\"p\",{children:\"Thorough planning is essential for a successful evaluation. Carefully select the questions and the sequence of the evaluation to maximise the usefulness of the information gathered. Decide who will collect and analyse the data, and how to utilise the results.\"}),/*#__PURE__*/e(\"ol\",{start:\"6\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Who evaluates and how?\"})})}),/*#__PURE__*/e(\"p\",{children:\"Consider the various methods of evaluation: self-evaluation, peer evaluation and external evaluation. Each has its strengths and can contribute different perspectives to the overall analysis. It is important to establish trust and transparency when using peer evaluations. This helps prevent conflicts and enhances the honesty of feedback.\"}),/*#__PURE__*/e(\"p\",{children:\"Trust and transparency are key factors in improving the effectiveness of peer evaluations. Creating a positive environment is essential for receiving honest feedback from peers.\"}),/*#__PURE__*/e(\"ol\",{start:\"7\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Prioritise which topics you would like to cover\"})})}),/*#__PURE__*/e(\"p\",{children:\"Align the evaluation topics with the interests and concerns of shareholders and other stakeholders. Key areas might include ESG factors, board composition and board dynamics. Focusing on the most relevant topics that impact the board\u2019s effectiveness and strategic direction is crucial.\"}),/*#__PURE__*/e(\"ol\",{start:\"8\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Analyse evaluation results\"})})}),/*#__PURE__*/e(\"p\",{children:\"Analyse the data from the evaluation to deeply understand the board\u2019s strengths and areas for improvement. This critical step is essential for translating raw data into actionable insights.\"}),/*#__PURE__*/e(\"ol\",{start:\"9\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"The follow-up\"})})}),/*#__PURE__*/e(\"p\",{children:\"Based on the analysed data, develop an action plan to address identified challenges and leverage opportunities to enhance board performance. This plan should outline specific steps to be taken to implement changes effectively.\"}),/*#__PURE__*/e(\"ol\",{start:\"10\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Put changes into action and evaluate results\"})})}),/*#__PURE__*/e(\"p\",{children:\"Once the action plan is in place, implement the changes and continuously monitor their impact. This ongoing evaluation will help ensure that the board remains effective and adapts to new challenges and opportunities.\"}),/*#__PURE__*/e(\"p\",{children:\"This structured approach not only streamlines the process but also ensures that the board performance review is comprehensive, allowing for strategic improvements and more effective governance.\"}),/*#__PURE__*/e(\"h3\",{children:\"Our take \"}),/*#__PURE__*/e(\"p\",{children:\"By using the above steps as a guide, boards can proactively address issues and capitalise on opportunities to improve their performance. The action plan serves as a roadmap for making necessary changes, while ongoing monitoring allows for adjustments to be made as needed.\"}),/*#__PURE__*/t(\"p\",{children:[\"This approach not only enhances \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/how-to-measure-board-effectiveness\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"board effectiveness\"})}),\" but also fosters a culture of continuous improvement within the organisation. Ultimately, a well-executed board performance review can lead to better decision-making, increased accountability and overall success for the organisation.\"]}),/*#__PURE__*/e(\"p\",{children:\"Get ahead of the competition with BoardClic's Board Evaluation. Our platform allows you to evaluate your board's performance, effectiveness, alignment, and composition over time.\"}),/*#__PURE__*/e(\"p\",{children:\"Pinpoint your board's key challenges, transform these into actionable strategies and benchmark your results against our comprehensive data sets to advance your board's performance.\"}),/*#__PURE__*/e(\"h3\",{children:\"FAQ\"}),/*#__PURE__*/e(\"h4\",{children:\"What is a board performance review?\"}),/*#__PURE__*/e(\"p\",{children:\"A board performance review is a systematic evaluation process used to assess the effectiveness and efficiency of a board of directors. This review focuses on various aspects such as governance, strategic oversight, fiduciary responsibilities and the board's overall contribution to the organisation. The goal is to identify strengths and areas for improvement, ensuring that the board remains aligned with the organisation\u2019s goals and governance best practices.\"}),/*#__PURE__*/e(\"h4\",{children:\"Who reviews the performance of the board of directors?\"}),/*#__PURE__*/e(\"p\",{children:\"The performance of the board of directors is typically reviewed by a combination of internal and external evaluators to maintain objectivity and thoroughness. This can include:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(25, 27, 35)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"Self-assessment by the board members themselves, which helps in reflecting on personal and collective performance.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(25, 27, 35)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"Peer evaluations among board members, which provide insights into the dynamics and contributions of individual board members from the perspectives of their colleagues.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(25, 27, 35)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"External consultants or independent third parties, who can offer an unbiased view of the board\u2019s effectiveness and compare it with industry benchmarks.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(25, 27, 35)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"A dedicated board committee, often the governance committee or nominating committee, may also oversee the evaluation process to ensure it is conducted systematically and effectively.\"})})]}),/*#__PURE__*/e(\"p\",{children:\"These evaluations are crucial for continuous improvement and ensuring the board\u2019s actions are in the best interest of the stakeholders.\"}),/*#__PURE__*/e(\"p\",{children:\"By utilising Boardclic, you can elevate your board\u2019s performance with comprehensive assessments that evaluate effectiveness, alignment and composition over time. This process provides actionable insights to tackle key challenges and allows you to benchmark your results against over 2000 board reviews conducted on the BoardClic platform, ensuring you elevate performance of the board.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(a,{href:{webPageId:\"JI3uZx1vK\"},motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Try our demo for free here\"})})})]});export const richText1=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"The key aspects of a board evaluation typically include:\"}),/*#__PURE__*/e(\"ol\",{children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Performance review\"})})}),/*#__PURE__*/e(\"p\",{children:\"This involves a detailed assessment of how effectively the board fulfils its central duties. Key performance indicators might include strategic leadership, financial oversight, risk management, and succession planning. The evaluation often reviews how the board's decisions have aligned with the organisation's goals and objectives, how effectively the board responds to crises and its role in major organisational achievements or failures.\"}),/*#__PURE__*/e(\"ol\",{start:\"2\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Composition and diversity\"})})}),/*#__PURE__*/e(\"p\",{children:\"Analysing the board's composition involves assessing whether the board members collectively possess the necessary skills, knowledge and experience to meet the organisation's needs. Diversity in terms of professional background, age, gender, ethnicity and cultural perspectives is also crucial. This diversity enhances the board's ability to approach problems from multiple angles and to innovate. Evaluations may include assessments of how board members' individual strengths contribute to the whole and whether there are gaps in skills or perspectives that need to be filled.\"}),/*#__PURE__*/e(\"ol\",{start:\"3\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Board processes and procedures\"})})}),/*#__PURE__*/e(\"p\",{children:\"This section scrutinises the structures and processes the board uses to operate. It looks at the frequency and duration of board meetings, the preparation and distribution of meeting materials, decision-making mechanisms and the effectiveness of committees within the board. The goal is to ensure that these processes facilitate clear, efficient and informed decision-making. Recommendations might involve streamlining procedures, improving communication or enhancing documentation practices.\"}),/*#__PURE__*/e(\"ol\",{start:\"4\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Board dynamics and relationships\"})})}),/*#__PURE__*/e(\"p\",{children:'The interpersonal and professional dynamics between board members, as well as between the board and management, are critical for effective governance. This part of the evaluation examines whether board discussions are characterised by openness and respect, whether dissent is handled constructively and how conflicts are resolved. A positive dynamic encourages robust debate and collaborative decision-making, which are essential for sound governance. It is also important for board members to be proactive and \"forward-leaning.\" Many chairs have observed that directors can sometimes be too passive, seeing themselves more as consultants rather than active drivers of initiatives. Effective board dynamics should foster an environment of psychological safety, encouraging directors to contribute actively and understand their role expectations. This approach ensures that all members are engaged and playing a pivotal role in guiding the organisation.'}),/*#__PURE__*/e(\"ol\",{start:\"5\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Compliance and governance\"})})}),/*#__PURE__*/e(\"p\",{children:\"This area reviews the board\u2019s adherence to legal and regulatory requirements, as well as its commitment to best practices in corporate governance. Compliance is non-negotiable, and boards must ensure they are up to date with changes in the law and industry standards. Governance practices are assessed against recognized standards and guidelines to ensure the board is not only compliant but also following the best possible practices to fulfil its duties.\"}),/*#__PURE__*/e(\"ol\",{start:\"6\",children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"h3\",children:/*#__PURE__*/e(\"h3\",{children:\"Development and training\"})})}),/*#__PURE__*/e(\"p\",{children:\"Finally, board evaluations often identify needs for ongoing education and professional development. This can include training in specific areas such as financial literacy, legal responsibilities or emerging industry trends relevant to the organisation's operations. The aim is to continuously enhance the board\u2019s capabilities and effectiveness through targeted training programs and resources, ensuring that all board members are equipped to provide high-quality governance.\"}),/*#__PURE__*/e(\"h3\",{children:\"Essential components of a board evaluation\"}),/*#__PURE__*/e(\"p\",{children:\"A comprehensive board evaluation should cover several critical areas:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Comprehensive performance assessment:\"}),\" This involves evaluating the board\u2019s effectiveness in strategic oversight, financial management, and risk mitigation. Ensuring that the board\u2019s decisions align with the organization's long-term goals is key.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Composition and diversity review:\"}),\" Assessing whether the board members bring a balanced mix of skills, experiences, and perspectives is essential. Diversity in these areas enhances the board's ability to address challenges and innovate.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Evaluation of processes and procedures:\"}),\" This component reviews the efficiency and effectiveness of board meetings, decision-making frameworks, and committee functions. Streamlined processes are crucial for making informed and timely decisions.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Board dynamics and relationships:\"}),\" Analyzing interpersonal and professional interactions ensures that the board operates in a collaborative and constructive environment.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Governance and compliance checks:\"}),\" Ensuring adherence to legal requirements and best governance practices is non-negotiable for maintaining the board\u2019s integrity and effectiveness.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"Each of these components is vital for a thorough understanding of how the board operates and where improvements can be made.\"}),/*#__PURE__*/e(\"h3\",{children:\"Who should conduct board evaluations?\"}),/*#__PURE__*/e(\"p\",{children:\"Deciding who should conduct the board evaluation depends on several factors, such as the organization\u2019s size, complexity, and specific needs. There are several options:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Internal evaluations:\"}),\" These are managed by the board members or a designated committee within the organization. This approach can be effective for smaller organizations or when the board prefers a more intimate understanding of its operations.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"External evaluations:\"}),\" Conducted by independent consultants who specialize in board governance, external evaluations bring objectivity and the ability to benchmark performance against industry standards. This option is particularly useful for larger organizations or those looking for an unbiased perspective.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Hybrid approach:\"}),\" Combining internal insights with external expertise can offer a balanced and comprehensive evaluation, drawing on the strengths of both methods.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"Choosing the right approach ensures that the evaluation process is tailored to the board\u2019s unique context and goals.\"}),/*#__PURE__*/e(\"h3\",{children:\"The importance of regular board evaluations\"}),/*#__PURE__*/e(\"p\",{children:\"Regular board evaluations are crucial for ensuring that a board of directors operates at peak effectiveness. These evaluations enhance board effectiveness by identifying both strengths and weaknesses, allowing the board to refine its strategies and practices. Moreover, they promote accountability by ensuring that each board member is fulfilling their responsibilities in alignment with the organization\u2019s goals. Through these evaluations, boards can identify skill gaps, uncovering areas where additional expertise or diverse perspectives are needed to enhance decision-making. In a rapidly changing environment, regular evaluations keep the board agile and responsive to new challenges and opportunities, ensuring that it remains well-equipped to guide the organization toward success.\"}),/*#__PURE__*/e(\"h3\",{children:\"Best practices for conducting board evaluations\"}),/*#__PURE__*/e(\"p\",{children:\"To maximize the effectiveness of a board evaluation, it is important to follow best practices:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Set clear objectives by defining what the evaluation aims to achieve and ensuring it aligns with the organization\u2019s broader strategic goals.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Use a structured framework to assess all relevant areas of board performance, ensuring nothing is overlooked.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Encourage open feedback by creating a safe environment where board members feel comfortable sharing honest and constructive feedback.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Act on findings by implementing recommendations and regularly monitoring progress to ensure that the evaluation leads to meaningful improvements.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Incorporate continuous learning by using the insights gained from evaluations to guide ongoing board development and training initiatives.\"})})]}),/*#__PURE__*/e(\"p\",{children:\"By adhering to these best practices, boards can ensure that evaluations are not just a formality but a valuable tool for continuous improvement.\"}),/*#__PURE__*/e(\"h3\",{children:\"Choosing the best platform for board evaluations\"}),/*#__PURE__*/e(\"p\",{children:\"Selecting the appropriate board evaluation platform is crucial for a smooth and effective evaluation process. The right platform should offer comprehensive tools for assessing performance, composition, and governance practices. It should also facilitate easy data collection and analysis, allowing boards to benchmark their results against industry standards, both in the past and in the future.\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Comprehensive tools:\"}),\" Look for platforms that offer detailed assessment capabilities, covering performance, composition, and governance.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Ease of use:\"}),\" Ensure the platform is user-friendly, with intuitive interfaces and customizable templates to fit the board\u2019s specific needs.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Data security:\"}),\" Given the sensitive nature of board evaluations, prioritize platforms with strong data protection measures.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Actionable insights:\"}),\" The platform should provide clear and implementable recommendations based on the evaluation results.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Benchmarking capabilities:\"}),\" Opt for a platform that allows performance comparison against industry standards, giving the board a clearer picture of where it stands.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"A well-chosen platform can significantly enhance the evaluation process, making it more efficient and impactful.\"}),/*#__PURE__*/e(\"h3\",{children:\"Preparing for a successful board evaluation\"}),/*#__PURE__*/e(\"p\",{children:\"Effective preparation is key to a successful board evaluation. Here\u2019s how to get ready:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Define objectives by clearly outlining what the board hopes to achieve through the evaluation. This ensures that the process is goal-oriented and relevant.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Engage board members by involving all members in the planning process to ensure buy-in and comprehensive input, which is crucial for a thorough evaluation.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Select the right tools by choosing an evaluation method or platform that aligns with the board\u2019s specific needs and objectives.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Plan for implementation by developing a clear strategy for acting on the evaluation findings and tracking progress over time, ensuring that the evaluation leads to tangible improvements.\"})})]}),/*#__PURE__*/e(\"p\",{children:\"By following these steps, boards can set the stage for a meaningful and productive evaluation process that drives continuous improvement and strategic alignment.\"}),/*#__PURE__*/e(\"h3\",{children:\"Our take\"}),/*#__PURE__*/e(\"p\",{children:\"Board evaluations can be conducted internally by the board itself or externally by hiring consultants who specialise in board governance. The findings from these evaluations are typically used to make improvements, inform the selection and development of board members, and ensure the board is well-equipped to guide the organisation successfully. Using a third-party provider for internal evaluations also offers significant advantages, such as ensuring the confidentiality and integrity of the process. This approach maintains the highest quality of questions asked and results in a much more efficient process, ultimately leading to more accurate and actionable insights.\"}),/*#__PURE__*/e(\"p\",{children:\"A comprehensive board evaluation serves as a critical tool for continuous improvement, helping ensure that a board remains dynamic, effective and well-suited to guide the organisation towards achieving its strategic goals.\"}),/*#__PURE__*/e(\"p\",{children:\"With BoardClic, you can elevate your board's performance by conducting completely digital evaluations of effectiveness, alignment and composition over time, obtaining actionable insights to overcome key challenges and benchmark your results against extensive data to achieve industry-leading standards.\"}),/*#__PURE__*/e(\"h3\",{children:\"Our offer\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic offers a robust and fully digital board evaluation process that enhances board performance through detailed assessments of effectiveness, alignment, and composition. The BoardClic platform provides actionable insights, helping boards overcome key challenges and benchmark their results against extensive data sets to achieve industry-leading standards. The process is designed to be efficient, confidential, and user-friendly, ensuring that boards can focus on continuous improvement without being bogged down by complex procedures.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(a,{href:{webPageId:\"JI3uZx1vK\"},motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Try our demo for free here\"})})})]});export const richText2=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"This latest platform release allows you to customise your board\u2019s questionnaire to perfectly fit your unique needs. Use it to choose between BoardClic\u2019s unrivalled best practice questions or tailor your evaluation questionnaire to suit your board\u2019s specific needs.\"}),/*#__PURE__*/e(\"h3\",{children:\"Embrace the power of customisation\"}),/*#__PURE__*/e(\"p\",{children:\"Capture nuanced insights from your board members and inject a personalised feel into your next board evaluation, making your assessments a true reflection of your board\u2019s dynamics. Use it to craft questions that seamlessly align with your organisation\u2019s objectives, ensuring a comprehensive and customised assessment.\"}),/*#__PURE__*/e(\"h3\",{children:\"Greater flexibility and control at your fingertips\"}),/*#__PURE__*/e(\"p\",{children:\"In addition, our new Question Format Editor allows you to refine your evaluations further by incorporating role inclusions and exclusions for certain evaluation questions. Ensure that only specific roles answer designated questions, allowing for targeted feedback from, for example, the chairman, specific directors, or the CEO.\"}),/*#__PURE__*/t(\"p\",{children:[\"Ready to experience the flexibility and control of BoardClic\u2019s question editor? Get started now and tailor your BoardClic evaluations like never before. If you have any questions or need assistance, reach out to BoardClic\u2019s dedicated \",/*#__PURE__*/e(a,{href:\"mailto:help@boardclic.com\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"customer support team\"})}),\". For existing users, explore this exciting new feature directly on \",/*#__PURE__*/e(a,{href:\"https://next.boardclic.com/users/log_in\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"our platform\"})}),\".\"]})]});export const richText3=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Across the world, these events and trends disrupted boards\u2019 ability to plan ahead and create long-term stakeholder value. Clearly, the need for effective and skilled directors has never been higher, especially in companies that need to rebuild or refocus their strategy.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"So, as we get ready to close this demanding year, we decided to mine our platform data to find out what skills boards are looking for to effectively face the challenges in 2024. Our data is derived from almost 2,000 board reviews conducted on the BoardClic platform. It reflects the opinions of 5,000 chairs and directors in 500 boards of leading companies and organisations across Europe.\"}),/*#__PURE__*/e(\"p\",{children:\"This time we\u2019ve analysed responses to an open-ended question that is always included in our board evaluations: \u201CIn light of your current strategy, circumstances, and life-cycle stage, what skills or experience do you believe should be added to the board?\u201D\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[\"The results clearly reveal what gaps boards believe they need to fill during 2024.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Industry expertise\"}),/*#__PURE__*/t(\"p\",{children:[\"This is the most sought after skill in the boardroom next year, according to almost one-fourth (23.8%) of European board members. \",/*#__PURE__*/e(\"strong\",{children:\"Industry expertise\"}),\" includes knowledge and experience from specific industries, sectors and markets. It\u2019s by far the most desired skill and has been for as long as we have tracked this issue. Compared to the previous two years, we\u2019ve reached an all-time-high.\"]}),/*#__PURE__*/t(\"p\",{children:[\"Experience and knowledge of the industry in which an organisation operates is essential for a well-functioning board. But it\u2019s also one of the most difficult skills to find. Individuals with deep industry knowledge are hard to recruit because of possible conflicts of interest (as they\u2019re often already working for competitors). Interestingly, our data reveals that while top management always ask for directors with industry experience, some boards feel that adding this skill can make the board too operational and less strategic. Instead, they argue that these skills should sit outside the board.\\xa0\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Digital competence\"}),/*#__PURE__*/e(\"p\",{children:\"The second most desired skill. At 13.8%, up 8 percentage points since 2022 after an all-time high of 15.6% in 2021. The increase in digital adoption and remote working since the pandemic is part of the explanation. Innovating in response to disruption may also have contributed by exposing organisations to cyber risks and AI technology. It\u2019s crucial for boards to upskill in this rapidly evolving area in order to balance technology adoption and risk exposure\u2014and to help their organisations to capitalise on its opportunities.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[\"This skill was key in 2021 and most boards addressed this. At the time, many boards added directors with generalist digital knowledge. However, today, deeper knowledge and expertise is needed, especially when considering AI. At the same time, this competence has moved from the boardroom to now be an integral part of many management teams. Our data suggests that the ideal candidate is someone who has been part of or worked closely with a large-scale digital transformation project of the type that many global organisations undertook following the pandemic. AI is key in explaining the 8 percentage point increase, according to our data.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"International experience\"}),/*#__PURE__*/e(\"p\",{children:\"The third most desired skill that boards are looking for, with 6.3% of the responses.\"}),/*#__PURE__*/t(\"p\",{children:[\"There are two dimensions at play in this area; one is a desire to avoid having too homogenous composition when it comes to nationalities and the second is the need for relevant skills that support international expansion. Our data shows that many of our users are looking for skilled directors with experience in expanding companies in the US and Asia, mainly China. \",/*#__PURE__*/e(\"strong\",{children:\"Sales & marketing\"}),\" ranked high last year (7.2%), as a reaction to the global economic downturn. Many boards prioritised upskilling in \",/*#__PURE__*/e(\"strong\",{children:\"sales & marketing\"}),\" and this year\u2019s advance for \",/*#__PURE__*/e(\"strong\",{children:\"international experience\"}),\" is a response to that. Now the growth strategies are in place, it\u2019s more about increasing knowledge and experience about international growth markets.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"ESG\"}),/*#__PURE__*/e(\"p\",{children:\"The decline compared to last year may seem surprising at first, given the coming increased requirements (CSRD etc).\"}),/*#__PURE__*/t(\"p\",{children:[\"We believe many boards focused on this last year. And not just boards, many organisations are now already upskilled in terms of \",/*#__PURE__*/e(\"strong\",{children:\"ESG\"}),\". Our data also shows that other priorities are currently considered more important than ESG\u2014growth is key.\\xa0\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"People & talent\"}),/*#__PURE__*/e(\"p\",{children:\"A slight increase from last year.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"People & talent is \"}),\"always present in our list of top responses but at the bottom end. Still, a top priority again for boards in 2024. Creating tomorrow\u2019s leaders is a huge theme for boards, but the pressure of achieving short-term commercial targets often takes precedence over long-term business planning. So, it\u2019s hard to motivate too much concern about \",/*#__PURE__*/e(\"strong\",{children:\"people & talent\"}),\". We believe the increase this year comes as a consequence of digitisation and AI.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Our recommendation\"}),/*#__PURE__*/e(\"p\",{children:\"Keep in mind that it takes time to form a board. When you want to raise the level of competence and skill, substituting one or two directors is best, even if you\u2019re in a hurry. Plan carefully, think long-term. Having said that, be sure to regularly assess that your composition is right. What conditions or challenges are we seeking to meet or overcome, and will these change over the short or longer term?\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"We hope this list will inspire you to think about your board composition as you strive for the very best board for your unique situation.\"}),/*#__PURE__*/e(\"h3\",{children:\"About this research\"}),/*#__PURE__*/e(\"p\",{children:\"Our data is derived from nearly 2,000 board reviews conducted on the BoardClic platform. The platform includes feedback from 5,000 board members across 500 organisations in 50 countries around the world.\"}),/*#__PURE__*/e(\"p\",{children:\"This specific dataset, which focuses on the most desired skills and experience, is drawn from board reviews that took place on the platform between January 1, 2021, and November 8, 2023. It reflects the opinions and attitudes of 871 chairs and board members in listed companies, financial institutions, private equity and venture capital firms across Europe.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Talk to one of our experts today\"})}),\" to discover how BoardClic can help you assess if your board has the right composition and skills needed for 2024.\"]})]});export const richText4=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Deloitte\u2019s ranking, Sweden Technology Fast 50, has highlighted Swedish entrepreneurship in the tech industry for the last 20 years. The ranking is based on revenue growth and includes public and private companies in all areas of technology, from software and hardware to life science, communications and clean technology.\"}),/*#__PURE__*/t(\"p\",{children:[\"Check out the full list at \",/*#__PURE__*/e(a,{href:\"http://www.fast50.se/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"fast50.se\"})}),\" (in Swedish).\"]}),/*#__PURE__*/t(\"p\",{children:[\"Do you want to take your board to the next level? Then we are here to help. \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Click here to talk to one of our experts\"})}),\".\"]})]});export const richText5=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"In the review, PZ Cussons\u2019 board benefited from BoardClic\u2019s intuitive review platform with Board Intelligence\u2019s expertise in driving high-impact governance through business reporting. External expert Alison Purdue and BoardClic co-founder Malin Lombardi provided keen strategic oversight.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"PZ Cussons Chairman David Tyler appreciated the flexibility of BoardClic\u2019s platform, which allowed him to select questions from a broad suite of topics to tailor to his board\u2019s individual needs. All in all, the process took a handful of weeks, rather than the number of months which would be typical for traditional reviews.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[\"\u201DAs a result of the process with its wide focus, we now have tighter governance of risk and enhanced relationships around the board table,\u201D says Tyler.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Pioneering alliance with board itelligence\"}),/*#__PURE__*/e(\"p\",{children:\"After PZ Cussons\u2019 directors used BoardClic\u2019s review platform, Lombardi and Purdue analysed the results. Purdue is a member of BoardClic\u2019s global network of board advisory experts, while Lombardi functioned as the assignment\u2019s international expert. To complement the review, Board Intelligence benchmarked PZ Cussons\u2019 board and executive committee materials, strategy documents and meeting agendas to highlight strengths and development areas. The results were used as a basis for one-on-one interviews with the board directors. Then, the compiled results powered discussions in the board and formed the basis of an action list.\"}),/*#__PURE__*/e(\"p\",{children:\"Finally, Purdue and Lombardi provided input for the written board performance review that PZ Cussons presented in its annual report. This collaboration is the first to stem from BoardClic\u2019s UK alliance with Board Intelligence, the leading board portal and AI-powered report-writing software provider.\"}),/*#__PURE__*/t(\"p\",{children:[\"So how did this combination of collaborative expertise perform for PZ Cussons, which has created products to delight, care for and nourish consumers for more than 130 years? Well, two of the words that first came to mind to Tyler about the process were, \u201Cseamless and efficient.\u201D\\xa0\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Solid framework\"}),/*#__PURE__*/e(\"p\",{children:\"According to Tyler, each partner brought something pivotal to the table, crafting a solid, reliable framework that he doesn\u2019t hesitate to recommend to other FTSE 250 companies.\"}),/*#__PURE__*/e(\"p\",{children:\"\u201CAt the final meeting, I think directors felt empowered to speak openly and directly about relationships,\u201D says Tyler. \u201CSome of the points made might have been tough for others to hear. And the result of that was a greater understanding of each other and more open relationships around the board table.\u201D\"}),/*#__PURE__*/e(\"p\",{children:\"Tyler thoroughly appreciates BoardClic\u2019s comprehensive, dynamic platform, which allowed PZ Cussons to craft a comprehensive review. Similar reviews set for next year and 2025 promise an easy and insightful comparison of scores over time. He also praised the platform\u2019s user-friendliness, which provided easy access across various digital devices. This feature distinctly sets BoardClic apart from peers and makes the review process both smooth and compelling.\"}),/*#__PURE__*/e(\"p\",{children:\"With a successful precedent set, BoardClic and its partners are now poised to redefine external board reviews for many more UK listed companies.\"})]});export const richText6=/*#__PURE__*/e(r.Fragment,{children:/*#__PURE__*/t(\"p\",{children:[\"Read more about BoardClic\u2019s comprehensive external board review for PZ Cussons \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/customer-story/tailoring-success-for-pz-cussons-board-review-with-expert-collaboration/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"in this customer story\"})}),\", or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts\"})}),\" today.\"]})});export const richText7=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"h6\",{children:/*#__PURE__*/e(\"em\",{children:\"\u201CWe used the external review to think a bit more about board composition and what changes might be made. It was helpful for me before we made those decisions to be able to read the temperature from the information coming from the process.\u201D\"})}),/*#__PURE__*/t(\"p\",{children:[\"\u2013 David Tyler, Chairman, PZ Cussons\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"About\"}),/*#__PURE__*/t(\"p\",{children:[\"PZ Cussons is a FTSE250-listed consumer goods business, headquartered in Manchester. For nearly 140 years, PZ Cussons has created products to delight, care for and nourish consumers. Across its hygiene, baby and beauty, the company\u2019s trusted and well-loved brands include Carex, Childs Farm, Morning Fresh and St.Tropez.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Challenge\"}),/*#__PURE__*/e(\"p\",{children:\"Elevating the external board review for PZ Cussons, a UK listed company with a legacy in creating loved household brands globally.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})}),/*#__PURE__*/e(\"h3\",{children:\"Solution\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic forged an alliance with Board Intelligence and external expert Alison Purdue to make their external board review successful.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})}),/*#__PURE__*/e(\"h3\",{children:\"Results\"}),/*#__PURE__*/e(\"p\",{children:\"A seamless, efficient, and comprehensive process enhanced PZ Cussons\u2019 strategic oversight and governance.\"}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\",\"--framer-text-alignment\":\"left\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Partnership foundation: \"}),\"BoardClic provided the data and insight using its digital platform and Board Intelligence reviewed and benchmarked the board and committee documents. Alison Purdue and Malin Lombardi provided strategic oversight. This review took weeks, not months as in a traditional process, to build a foundation for board discussions and action points.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Streamlined process: \"}),\"PZ Cussons\u2019 Chairman, David Tyler, lauded the process as being both \u201Cseamless and efficient,\u201D and appreciated the tailored question suite offered by BoardClic\u2019s platform. The process will provide comparative insights over time but also facilitated transparent, relationship-enhancing board discussions.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Ensuring progress: \"}),\"The data from BoardClic\u2019s platform and Board Intelligence\u2019s document review became the source for one-on-one interviews with board members and informed discussions at board meetings.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Versatile expertise: \"}),\"Tyler emphasised the unique attributes each collaborator brought to the table. 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This new algorithm leverages data from a multitude of sources, enabling a truly transformative approach that enables you to quickly unlock the full potential of your evaluation results in an easily understandable and actionable way.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"A tool to power action\"}),/*#__PURE__*/e(\"p\",{children:\"The Actionable Insights algorithm focuses on key areas for discussion and action. It assesses everything from score variations and benchmark disparities to alignment nuances and potential uncertainties or misalignment among evaluation participants. The results are presented in an easy-to-understand format, with priorities clearly ranked in descending order. This empowers you to direct your efforts toward the most critical matters and take action where it is needed most \u2013 no more time-consuming analysis or wasted time on low-priority items.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Say goodbye to guesswork!\"}),/*#__PURE__*/e(\"p\",{children:\"With Actionable Insights\u2019 precision-powered analysis and crystal-clear prioritisation, you can be confident that you are maximising the value of your\\xa0 BoardClic evaluations. This algorithm will assist you in enhancing your performance, optimising your effectiveness, and ensuring your focus is directed toward what matters most for your board.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"The best part?\"}),/*#__PURE__*/e(\"p\",{children:\"This platform enhancement is already live, and you\u2019ll find the new Actionable Insights algorithm in all of our evaluation reports for the board, management team and CEO.\"}),/*#__PURE__*/t(\"p\",{children:[\"If you have any questions, please don\u2019t hesitate to contact \",/*#__PURE__*/e(a,{href:\"mailto:help@boardclic.com\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"our customer support team\"})}),\". Already a BoardClic user? Explore your Actionable Insights the next time you conduct a review on \",/*#__PURE__*/e(a,{href:\"https://next.boardclic.com/users/log_in\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"our platform\"})}),\"!\"]})]});export const richText10=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"With help from BoardClic\u2019s ESG Maturity Assessment, Eastnine has turned sustainability conversations into real discussion at the board level, rather than just items on a meeting agenda. 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BoardClic\u2019s ESG Maturity Assessment helps companies spotlight their potential, align their green efforts, meet the top reporting standards, and highlight sustainable business opportunities.\"}),/*#__PURE__*/e(\"p\",{children:\"Eastnine uses the insights from BoardClic\u2019s assessments to verify their annual sustainability reporting. For example, as a result of the review, Eastnine concluded some adjustments were needed in how it communicated the results of the annual materiality analysis review to the board. New routines had to be created to ensure that insights from stakeholder interactions could be duly reflected in the management reporting to the board.\"}),/*#__PURE__*/e(\"p\",{children:\"\u201CWe need to understand whether the way we\u2019re reporting gets the board the facts it requires,\u201D says Kouzmina. \u201CWe need feedback on whether our system is sufficient or if we must dive deeper into certain issues, and on how well we\u2019re conveying these critical issues to the board.\u201D\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Comprehensive, not overwhelming\"}),/*#__PURE__*/e(\"p\",{children:\"Kouzmina, who also has used the BoardClic platform\u2019s CEO review in her role as a senior manager, says the ESG Maturity Assessment was comprehensive enough to be a real help without being overwhelming to board members.\"}),/*#__PURE__*/e(\"p\",{children:\"Eastnine, which owns modern offices in Poland and the Baltics, plans to revisit BoardClic\u2019s ESG Maturity Assessment every couple of years to track their progress. The journey\u2019s looking green and promising!\"})]});export const richText11=/*#__PURE__*/e(r.Fragment,{children:/*#__PURE__*/t(\"p\",{children:[\"Read more about how Eastnine navigates a green future with BoardClic \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/customer-story/eastnine-customer-story/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"in this customer story\"})}),\", or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts\"})}),\" today to learn how we can help you turn board-level conversations into real, actionable sustainability initiatives.\"]})});export const richText12=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"h3\",{children:\"About\"}),/*#__PURE__*/e(\"p\",{children:\"Eastnine is reshaping the concept of sustainable and modern office and logistics spaces in Poland, Latvia and Lithuania. 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The following year, BoardClic facilitated Persimmon\u2019s internal review with its intuitive, user-friendly interface.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Digital handwriting\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic offered a host of benefits. An objective and efficient way to conduct reviews, it ensured anonymity. Unlike cumbersome manual processes, the digital platform maintained impartiality\u2014because let\u2019s face it, you can\u2019t recognise someone\u2019s digital handwriting. Additionally, its accessibility meant that the survey could be completed at leisure, significantly assisting non-executive directors.\"}),/*#__PURE__*/e(\"p\",{children:\"The usefulness of any review largely depends on the quality of information provided by the board. 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Over her seven-year tenure, Davison saw an evolution of reviews and advocated progressing from a routine compliance exercise to a genuinely innovative solution. Persimmon\u2019s traditional, manual paper-based process was labour-intensive. It also lacked real anonymity, potentially affecting the honesty of feedback.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Solution\"}),/*#__PURE__*/e(\"p\",{children:\"In its quest for efficiency, Persimmon was introduced to BoardClic through Grant Thornton UK, which carried out a review backed by the digital platform. After the external review, the homebuilder used the platform for an internal review, finding great value in BoardClic\u2019s user-friendly interface and time-saving qualities. The ability to maintain real anonymity during reviews is a key feature, as is benchmarking against other leading businesses and the continuous updates of best-practice questions that BoardClic provides.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Results\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s platform has made Persimmon\u2019s decision-making process more efficient:\"}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"It efficiently informed directors\u2019 training needs and helped identify strategic attention areas.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"BoardClic also provided industry benchmarks. These comparative data points gave Persimmon an external reference to measure their own progress and performance against.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Persimmon appreciates the ease of use, regular updates and the commitment to improving the platform that BoardClic manifests.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"This successful partnership with BoardClic illustrates the positive impact of digital transformation on board reviews.\"})})]})]});export const richText17=/*#__PURE__*/e(r.Fragment,{children:/*#__PURE__*/t(\"p\",{children:[\"Read more \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/persimmon-builds-boardroom-efficiency-with-boardclic/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"in this blog\"})}),\" about how Persimmon can concentrate more on implementing the insights gained from reviews by simplifying and making the process data-driven, or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts today\"})}),\".\"]})});export const richText18=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"h6\",{children:\"\u201CWe are pleased with our decision to use BoardClic. Boardclic allows us as a board to review leadership performance and gain insights on alignment and effectiveness. This resonates perfectly with Betsson\u2019s corporate governance that is characterised by responsibility, transparency and efficiency\u201D\"}),/*#__PURE__*/e(\"p\",{children:\"- Johan Lundberg, Chairman of the Board of Betsson AB.\"}),/*#__PURE__*/e(\"p\",{children:\"Betsson AB is a holding company that invests in and manages fast-growing companies within online gaming. Licensed to operate in 22 countries, the company employs over 2,000 professionals through its subsidiaries and is listed on Nasdaq Stockholm Mid Cap.\"})]});export const richText19=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"But while uncertainty seems to be the new constant, boards of large-cap, listed companies across Europe and the UK are still confident they can effectively manage whatever shocks lie ahead. This certainly holds true for the more than 400 boards and 3,000 directors that use the BoardClic platform. In fact, BoardClic platform users are overwhelmingly confident in two core measurements of how prepared an organisation is to tackle uncertainty.\"}),/*#__PURE__*/e(\"p\",{children:\"Overall, more than 90% of board members in Europe feel that their boards are swift to adapt to changing business conditions. In the Nordics, the corresponding share was nearly 92% and in the UK, about 88% of directors agreed.\"}),/*#__PURE__*/t(\"p\",{children:[\"Turning to how board members think their organisations have the capacity to keep innovating solutions to tackle future market challenges, the European average is more than 82%. In the UK, the share is about 78% and in the Nordics, almost 84%.\\xa0\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"800\",src:\"https://framerusercontent.com/images/Wz4FWzVibXpZv3EKyFDzMVTRyI.png\",srcSet:\"https://framerusercontent.com/images/Wz4FWzVibXpZv3EKyFDzMVTRyI.png?scale-down-to=512 512w,https://framerusercontent.com/images/Wz4FWzVibXpZv3EKyFDzMVTRyI.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/Wz4FWzVibXpZv3EKyFDzMVTRyI.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/Wz4FWzVibXpZv3EKyFDzMVTRyI.png 2400w\",style:{aspectRatio:\"2400 / 1600\"},width:\"1200\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"br\",{}),\"Despite some regional differences, it\u2019s clear that using the BoardClic platform for regular evaluations bolsters the preparedness of board members.\\xa0\"]}),/*#__PURE__*/e(\"p\",{children:\"For any board, safely navigating a crisis hinges on qualities like trust, alignment and group dynamics. To really get ready for the unknown, boards need to cultivate a culture of agility and continuous learning. They also need to foster strong communication channels\u2013in and outside the organisation. This means prioritising scenario planning and promoting diverse thought leadership, all to anticipate the full range of possibilities or threats that may impact the business.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"So is it all about being proactive rather than reactive? Only time will tell. While most board members believe they\u2019ve adapted well over the past few years, and that may be true, the advent of AI in business raises another important question: Are some boards potentially overconfident about their future-readiness?\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"From what we know of our work across all levels and types of organisations, boards sometimes fail to recognise challenges that are all too evident to management. This perceptual gap may stem from how information gets disseminated in a company. Or, it may result from unbalanced board composition. Also, many boards adopt a mechanical approach to strategy, which can fall short of addressing the nuances of a dynamic market.\"}),/*#__PURE__*/e(\"p\",{children:\"One thing is clear: the role of the chair is critical in guiding boards through uncharted waters and in making tough transformative decisions that shape an organisation.\"}),/*#__PURE__*/e(\"p\",{children:\"Here are some tips on how to bolster board performance, based on how some of Europe\u2019s leading companies use our platform:\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Smaller boards are better\"}),\": Nimbleness often comes with a smaller size, enabling quicker decision-making and streamlined communication.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Prioritise chairmanship\"}),\": Leadership sets the tone, guiding the direction and instilling confidence throughout the board.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Stay updated\"}),\": Periodic board realignments with strategic goals are crucial to remain relevant and responsive to changing market conditions.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Champion age diversity\"}),\": Varied age perspectives are more crucial than ever, enriching discussions with a blend of experience and innovation.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Seek feedback\"}),\": Regular evaluations foster growth and alignment, ensuring the board remains in tune with the organisation\u2019s evolving needs.\"]}),/*#__PURE__*/e(\"p\",{children:\"To wrap up, Europe\u2019s boards demonstrated admirable resilience in the past few years. Yet, to keep the ship steady, introspection and agility remain essential. With the right board composition, mindset and a comprehensive platform for digital performance reviews, any storm can be navigated with confidence. Even the unknown.\"}),/*#__PURE__*/e(\"p\",{children:\"About this research\"}),/*#__PURE__*/e(\"p\",{children:\"Our data is derived from more than 1,000 board reviews conducted on the BoardClic platform. The platform includes feedback from over 3,000 board members across 400 organisations in 50 countries around the world.\"}),/*#__PURE__*/e(\"p\",{children:\"This specific dataset, which focuses on future readiness, is drawn from board reviews that took place on the platform between July 1, 2022, and February 15, 2023. It reflects the opinions and attitudes of 1,223 chairs and board members in listed companies, financial institutions, private equity and venture capital firms across Europe.\"}),/*#__PURE__*/t(\"p\",{children:[\"Interested in ensuring your board\u2019s peak performance? Discover how \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/products/board-evaluation\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"BoardClic\u2019s Board Evaluation\"})}),\" can elevate your board\u2019s readiness, or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts\"})}),\" today.\"]})]});export const richText20=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"According to Aston Martin Lagonda \",/*#__PURE__*/e(a,{href:\"https://www.astonmartinlagonda.com/investors/annual-report\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Annual Reports and Accounts 2022 (page 108)\"})}),\", the benefit of using BoardClic \u201Cwas that it enabled the data to be broken down between Executive Directors, Independent Non-executive Directors and Shareholder Representative Directors so that alignment between the three groups of directors could be assessed. It also enabled the results to be benchmarked against the results of other FTSE companies. The conclusions of the evaluation were very positive, concluding that the Board is highly effective and there is general alignment between the views of the Shareholder Representative Directors, Independent Directors and Executive Directors.\u201D\"]}),/*#__PURE__*/e(\"p\",{children:\"Aston Martin\u2019s vision is to be the world\u2019s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars. Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance and exclusivity. 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By drawing on data from the 3,000 directors and 400 organisations using the platform across the globe, BoardClic allows you to benchmark your organisation to see how it stacks up against peers, and its beautifully simple and intuitive user interface makes it a joy to use\u201D,\"}),/*#__PURE__*/e(\"p\",{children:\"- Pippa Begg, co-CEO of Board Intelligence.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"br\",{}),\"Board Intelligence is trusted by over 40,000 directors and 3,000 organisations globally \u2013\\xa0 from Fortune 500 and FTSE 100 corporates, to fund, trust and corporate service providers and high-growth businesses.\"]}),/*#__PURE__*/e(\"p\",{children:\"\u201CBoardClic is another female-founded technology firm and one which shares our values and ethos around governance. We are thrilled to be working together and introduce the digital BoardClic platform to our extensive network of boards, directors and CEOs across the UK and globally. We have known Sara Parker, Senior Advisor & Head of UK at BoardClic, for many years, collaborating to support the board community. We are now delighted to be formally partnering with her and the broader BoardClic team\u201D, adds Jennifer Sundberg, co-CEO of Board Intelligence.\"}),/*#__PURE__*/t(\"p\",{children:[\"Learn more about \",/*#__PURE__*/e(a,{href:\"https://www.boardintelligence.com/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Board Intelligence\"})}),\" and this new partnership at Board Intelligence\u2019s in-person event in London on Tuesday, September 26th: \u2018\",/*#__PURE__*/e(a,{href:\"https://www.boardintelligence.com/events/board-evaluation-are-you-ready-26-09-23?hs_preview=dQFUNWde-128378250411\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Next Gen Board Evaluations: Transforming Governance Through Technology\"})}),\"\u2019.\"]})]});export const richText22=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"The biometric authentication feature offers numerous benefits, including enhanced security, a faster and more convenient login process, and the elimination of the need to remember passwords. 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For added security, we recommend enabling biometric login on two devices.\"}),/*#__PURE__*/t(\"p\",{children:[\"We\u2019re eager to receive your feedback on our new biometric authentication feature and hope it further enhances your experience with our service. Would you like to know more, please \",/*#__PURE__*/e(a,{href:\"mailto:help@boardclic.com\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"contact our customer support team\"})}),\". If you are already a customer you can explore our new biometric authentication feature in \",/*#__PURE__*/e(a,{href:\"https://next.boardclic.com/users/log_in\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"our platform\"})}),\".\"]})]});export const richText23=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Through the partnership, Aggancio will bring the digital BoardClic platform to its network of boards, executives and directors throughout Europe and beyond. Aggancio is a technology and quant-driven executive search firm with offices in New York, London, Stockholm, Singapore and Hong Kong.\"}),/*#__PURE__*/e(\"p\",{children:\"\u201CWe are thrilled to enter into this channel partnership with BoardClic and introduce their digital platform to our extensive network of clients worldwide. Through this partnership we will strengthen our offering and set a new standard for our clients in leveraging data to drive informed decision-making. We also share a common DNA as data and technology-driven pioneers, both committed to challenging traditional incumbents and pushing the boundaries of innovation.\u201D, says Andr\\xe9 Haug, Founding Partner and CEO, Aggancio.\"}),/*#__PURE__*/e(\"p\",{children:\"Aggancio has worked with a diverse range of clients, both existing and past, including Battery Ventures, EQT, Creandum, Verdane, TA Associates, Antler, Amex GBT, KKR and BCG.\"}),/*#__PURE__*/e(\"p\",{children:\"\u201CWe look forward to introducing our leading digital platform for board evaluations to Aggancio\u2019s impressive network of clients around the world, enabling them to implement a data-driven and state-of-the-art standard for board effectiveness and portfolio governance\u201D, adds Monica Lagercrantz, Founder and CEO, BoardClic.\"})]});export const richText24=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"This was precisely the situation that BabyBj\\xf6rn Chairman Michael Berg found himself in not long ago. Renowned globally for its high-quality baby products, BabyBj\\xf6rn had relied on traditional evaluation methods that weren\u2019t user-friendly and ate too much time. Enter the digital evaluation platform that revolutionised BabyBj\\xf6rn\u2019s approach\u2014BoardClic.\"}),/*#__PURE__*/t(\"p\",{children:[\"Berg doesn\u2019t remember the exact circumstances that led him to BoardClic, but he recognised the platform\u2019s value straightaway. Swapping laborious spreadsheets and generic questions borrowed from the Internet for an intuitive platform with well-researched, insightful questions was an immediate upgrade.\",/*#__PURE__*/e(\"br\",{}),\"\\xa0\"]}),/*#__PURE__*/e(\"h3\",{children:\"Collective review\"}),/*#__PURE__*/e(\"p\",{children:\"Board meetings at BabyBj\\xf6rn saw a significant transformation: the annual board evaluation morphed into a constructive, team-focused exercise. All members engaged in the process, collectively reviewing the results, followed by in-depth discussions.\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s benefits extend beyond board evaluations, though. The platform\u2019s CEO Evaluation, used concurrently with board evaluations, provided directors with a clearer, 360-degree picture of the CEO\u2019s daily tasks and responsibilities. Rather than just the board\u2019s impressions, the evaluation also includes input from senior management and the CEO\u2019s own performance assessment.\"}),/*#__PURE__*/t(\"p\",{children:[\"In Berg\u2019s experience, combining the two evaluations is what really amplifies the power of the platform. Additionally, BoardClic\u2019s benchmarking feature lets BabyBj\\xf6rn compare its performance with that of other companies. This is particularly valuable to a family-owned business.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h2\",{children:\"Streamlined process\"}),/*#__PURE__*/e(\"p\",{children:\"Berg is a steadfast advocate, and has already recommended BoardClic\u2019s platform to other companies. The benefits that a digital evaluation platform like BoardClic offers, he believes, far surpass the investment involved. The platform offers an easier workflow, deeper insights, and overall, a streamlined evaluation process that keeps generating value year after year.\"}),/*#__PURE__*/e(\"p\",{children:\"If a successful, family-owned business like BabyBj\\xf6rn can derive substantial benefits from a digital platform that combines a board evaluation with a 360-degree assessment of the CEO, it\u2019s likely that your company can, too.\"})]});export const richText25=/*#__PURE__*/e(r.Fragment,{children:/*#__PURE__*/t(\"p\",{children:[\"Read more about how BoardClic\u2019s Board Evaluation and CEO Evaluation revolutionised BabyBj\\xf6rn\u2019s performance review processes in this \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/babybjorn-customer-story\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"customer story\"})}),\", or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts today\"})}),\".\"]})});export const richText26=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"h6\",{children:\"\u201CBoardClic\u2019s platform has been invaluable in structuring our board and CEO evaluations. The thoroughness of the questions, the easy-to-use interface, and the ability to benchmark ourselves with others makes everything smoother and more efficient. I particularly appreciate the way it ties the board evaluation and the CEO evaluation together. It just brings a whole new level of transparency and trust into the equation.\u201D\"}),/*#__PURE__*/t(\"p\",{children:[\"\u2013 Michael Berg, Chairman, BabyBj\\xf6rn\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"About\"}),/*#__PURE__*/e(\"p\",{children:\"BabyBj\\xf6rn is a Swedish family-owned company, born in 1961. The company is passionate about creating safe, quality products that simplify everyday life for families. BabyBj\\xf6rn is famous worldwide for its baby carriers and bouncers and the product range includes and a variety of sleep, kitchen, and bathroom products for infants.\"}),/*#__PURE__*/e(\"h2\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Challenge\"}),/*#__PURE__*/e(\"p\",{children:\"Despite its commitment to quality and innovation in its products, BabyBj\\xf6rn\u2019s board and CEO evaluation processes remained traditional. They used Excel sheets, which required more work and lacked the depth of well-researched questions and the ease of use of a digital platform.\"}),/*#__PURE__*/e(\"h2\",{children:\"\\xa0\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Solution\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s two core products, Board Evaluation and CEO Evaluation, revolutionised BabyBj\\xf6rn\u2019s processes. The natural addition of a CEO evaluation provided a 360 view of the CEO\u2019s performance, improving the confidence of board members in their decisions without generating unwarranted insecurity.\"}),/*#__PURE__*/e(\"h2\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Results\"}),/*#__PURE__*/e(\"p\",{children:\"BabyBj\\xf6rn experienced significant improvements in their board and CEO evaluation processes:\"}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"The platform\u2019s easy-to-use interface and time-saving capabilities resulted in more efficient and effective evaluations.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Benchmarking against other companies provided valuable insight and perspective.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s CEO Evaluation enriched board discussions and decision-making, fostering an informed understanding of the CEO\u2019s day-to-day activities.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Regularity in evaluations are facilitating a natural, organic process, nurturing a culture of continuous improvement at BabyBj\\xf6rn.\"})})]})]});export const richText27=/*#__PURE__*/e(r.Fragment,{children:/*#__PURE__*/t(\"p\",{children:[\"Read more in this \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/babybjorn-takes-big-leap-in-board-and-ceo-evaluations-with-boardclic/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"blog\"})}),\" about how BabyBj\\xf6rn is taking a big leap in board and CEO evaluations with BoardClic, or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"book a demo of our platform today\"})}),\".\"]})});export const richText28=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"MTG is an international gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. 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BoardClic\u2019s ESG Maturity Assessment helps your organisation achieve compliance with the GRI framework\u2019s reporting requirements, which includes evaluating the performance of your board. Additionally, it can help you meet the reporting requirements of CSRD and ESRS, which aim to standardise sustainability reporting across Europe.\"}),/*#__PURE__*/e(\"p\",{children:\"Our ESG Maturity Assessment is intuitive and can be rolled out quickly without taking valuable time from board members and management. It lets you identify key ESG priorities, uncover strengths and weaknesses, and gain actionable insights. With this information, you can align towards a structured ESG strategy and steer your company in the right direction.\"}),/*#__PURE__*/t(\"p\",{children:[\"Read our blog \u201C\",/*#__PURE__*/e(a,{href:\"https://eu1.hubs.ly/H03XqBp0\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"UK boards are lagging behind the rest of Europe on confidence in ESG\"})}),\"\u201D to learn more about European board members\u2019 attitudes and opinions about ESG, or \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"talk to one of our experts today\"})}),\" to find out how BoardClic\u2019s ESG Maturity Assessment can help you to secure your ESG ambitions.\"]})]});export const richText30=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"We recently mined our platform\u2019s user data, which is derived from over 1,000 board evaluations and includes feedback from more than 3,000 chairs and board members in listed companies, financial institutions, and investment firms across Europe. We wanted to know if directors believe investments in ESG improve their organisation\u2019s bottom line. The results were a real eye opener.\"}),/*#__PURE__*/e(\"p\",{children:\"Our unique platform data shows that boards in the UK are a lot less likely than their mainland counterparts to believe that ESG activities actually generate value. In Britain, just over two-thirds of directors think ESG factors add value, a far cry from the European average of 83% and an even bigger drop from the Nordic region, where 88% recognise the benefits.\"}),/*#__PURE__*/e(\"p\",{children:\"And even more surprisingly, more than one out of 10 UK-based boards believe that investing in ESG activities adds no value at all. That compares with low-single digits for Europe as a whole.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Shifting perceptions \"}),/*#__PURE__*/e(\"p\",{children:\"What\u2019s driving these stark contrasts? Clearly, the expectation for all companies to align with ESG factors is climbing a steep trajectory. Partly, this is driven by regulation and partly by a shift in perceptions on what contributes value to a business. And these expectations don\u2019t just come from customers, partners, NGOs and employees. Many of the world\u2019s most significant investment houses have made ESG a top priority for their daily business.\"}),/*#__PURE__*/e(\"p\",{children:\"These factors affect all companies in Europe, including the UK. In Britain, both the Financial Reporting Council and investors want companies to be more transparent and authentic in their ESG reporting. In the European Union, the Corporate Sustainability Reporting Directive entered into force this year, modernising and strengthening existing rules on what social and environmental information many companies must report for the 2024 financial year. Clearly, the differences in corporate governance codes between the EU and UK may affect overall confidence in ESG.\"}),/*#__PURE__*/t(\"h3\",{children:[/*#__PURE__*/e(\"br\",{}),\"Lack of integration \"]}),/*#__PURE__*/t(\"p\",{children:[\"But there\u2019s another difference between the UK and Europe that better explains our results. Across Europe, stakeholders are increasingly calling for businesses to drop separate initiatives in favour of fully integrating ESG into their business strategy. However, while it seems boards across most of Europe are already integrating, this is less true in the UK. And we believe this distinction is important in explaining why the UK lags the rest of Europe.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"800\",src:\"https://framerusercontent.com/images/fWsy17ffmuYs4fH1QAoCWhK2Oe8.png\",srcSet:\"https://framerusercontent.com/images/fWsy17ffmuYs4fH1QAoCWhK2Oe8.png?scale-down-to=512 512w,https://framerusercontent.com/images/fWsy17ffmuYs4fH1QAoCWhK2Oe8.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/fWsy17ffmuYs4fH1QAoCWhK2Oe8.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/fWsy17ffmuYs4fH1QAoCWhK2Oe8.png 2400w\",style:{aspectRatio:\"2400 / 1600\"},width:\"1200\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"br\",{}),\"According to our data, more than 70 percent of European boards discuss ESG at every board meeting, compared with just over half for UK boards. And that difference goes a long way to explaining why UK board members are more sceptical on the value of ESG. If the directors don\u2019t regularly discuss ESG strategically, it\u2019s unlikely that management and employees will incorporate those factors in their daily activities. Integrating ESG into strategy can help companies drive innovation, reduce risk, create new markets, and spur engagement in employees and top management.\"]}),/*#__PURE__*/e(\"p\",{children:\"Using this lens, the stark contrast between the UK and Europe on perception of the value of sustainability activities becomes easier to understand.\"}),/*#__PURE__*/e(\"p\",{children:\"UK businesses should recognise the long-term strategic value of ESG factors and fully integrate that thinking into their strategy. It\u2019s critical for overall performance and for staying competitive. 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With BoardClic\u2019s actionable insights, we can track our progress over time and ensure that we continue to meet our high standards for corporate governance\u201D, said Roberto Italia, Chairman of the Board of Avio.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"Avio is a leading international aerospace group that designs, develops, produces and integrates space launchers. Avio is also involved in the development and production of solid and liquid fuel propulsion systems and payload adapters, and has a leading position in research and development of new materials and equipment for space applications. Founded in 1908 and headquartered in Rome, Avio operates in Italy, France, and French Guyana and has over 1 200 employees.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(a,{href:\"https://boardclic.com/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Learn more about BoardClic\"})}),\" and discover our leading digital governance platform for performance and effectiveness evaluations of boards, CEOs and management teams.\"]})]});export const richText32=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"br\",{}),\"Overview of ongoing evaluations\"]}),/*#__PURE__*/t(\"p\",{children:[\"One of the key features of our new dashboard is the ability to immediately see current evaluations and have shortcuts to actions and flows they are highly likely to interact with. 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If you are curious to learn more, don\u2019t hesitate to get in touch with our customer support team.\"}),/*#__PURE__*/t(\"p\",{children:[\"If you are already a customer you can explore the \",/*#__PURE__*/e(a,{href:\"https://next.boardclic.com/users/log_in?referral=product_update_dashboard\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"new dashboard in our platform.\"})})]})]});export const richText33=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"In the age of digitalisation, managing access levels is becoming increasingly crucial, especially with the growing popularity of remote work. Therefore, it is important to ensure that access management administration and control can be easily handled. With this in mind, we are pleased to introduce our new and improved access management overview, which focuses on access level management. \"}),/*#__PURE__*/e(\"p\",{children:\"One of the key benefits of this new feature is enhanced visibility. With the new access overview, you can easily see who has access to what. This level of transparency allows you to monitor your organisation and adjust permissions accordingly. This feature gives you more control and allows you to make informed decisions about access management in your board.\"}),/*#__PURE__*/e(\"p\",{children:\"Another exciting aspect of our new feature is the administrator role. With this role, you can now invite administrators who can manage and set up your evaluations without being exposed to sensitive information in the evaluations. This eliminates the need for manual requests and approvals, saving time and improving productivity. Users can also see when their accounts were created and when they last logged in, providing more transparency and clarity around the usage of the platform.\"}),/*#__PURE__*/t(\"p\",{children:[\"We\u2019re excited to offer this new feature to our customers and look forward to seeing the positive impact it will have. Would you like to know more, please \",/*#__PURE__*/e(a,{href:\"mailto:help@boardclic.com\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"contact our customer support team\"})}),\". 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FSN\u2019s solution brought the same structure and integrity to their board evaluations that define everything they do.\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s platform provides data-driven questions and makes it easier for team members to respond, leading to tangible results. Crucially, FSN receives reports that cover all its companies, letting them compare and highlight addressable issues.\"}),/*#__PURE__*/e(\"p\",{children:\"With an intuitive platform, FSN gets detailed feedback on issues that directly impact their business. It allows them to set internal benchmarks that they couldn\u2019t before. Portfolio-company entrepreneurs are particularly pleased that board evaluations are intuitive and match the sophistication of their other digital systems, while being easy and quick to set up.\"}),/*#__PURE__*/e(\"p\",{children:\"Implementing BoardClic\u2019s platform has encouraged FSN\u2019s seminal feedback culture. 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The customer success team helped us with everything from setup to follow-up and it felt very professional.\u201D\"})}),/*#__PURE__*/e(\"p\",{children:\"\u2013Anders Johansson, CEO of Fortinova.\"}),/*#__PURE__*/e(\"h2\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"About\"}),/*#__PURE__*/e(\"p\",{children:\"Fortinova has a big heart and a big vision\u2014to be Western Sweden\u2019s most prominent residential real estate company. Its strategy isn\u2019t all about acquiring property and business growth. It\u2019s much more about people and the environment and building and maintaining strong relationships with tenants and local businesses.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Challenge\"}),/*#__PURE__*/e(\"p\",{children:\"After Fortinova made its debut on Nasdaq First North Premier Growth Market in 2020, it gained 5,000 new shareholders. It also had to attend to a number of new challenges, including a requirement to implement a structured board-evaluation process. The problem was that Fortinova had never conducted a board evaluation before and didn\u2019t want to spend a lot of time doing so.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Solution\"}),/*#__PURE__*/e(\"p\",{children:\"BoardClic\u2019s Board Evaluation product provided immediate and actionable steps for Fortinova. The results were detailed enough to offer specific insights that align with Fortinova goals and values, but general enough to be executed efficiently. 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As experts in mid-market buyouts, their goal is to find interesting growth stories, niche-market leaders, passionate entrepreneurs and winning company cultures.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Challenge\"}),/*#__PURE__*/e(\"p\",{children:\"For a decade, CapMan Buyout tried external consultants and adopted different models and internal systems to evaluate and enhance board performance, but concluded that they were spending too much time and resources managing evaluations of their own board and those of portfolio companies. Ultimately, they decided they needed something new.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Solution\"}),/*#__PURE__*/e(\"p\",{children:\"Through their network, CapMan Buyout was introduced to BoardClic\u2019s digital platform. 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We were an instant match for CapMan Buyout and their requirements.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Results\"}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Saves time and effort on administration that can be channelled to business development.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Increases board evaluation response rates and engagement.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Performance of individual portfolio companies can be benchmarked against the internal CapMan average as well as against broader BoardClic\u2019s data.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[\"Provides CapMan Buyout with a comprehensive view of how boards are performing in different areas and where to make improvements.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})})]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Read more\\xa0\"}),/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"strong\",{children:\"customer stories\"})})}),/*#__PURE__*/e(\"strong\",{children:\"\\xa0to discover what our users have to say about us or\\xa0\"}),/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"strong\",{children:\"book a demo\"})})}),/*#__PURE__*/e(\"strong\",{children:\"\\xa0today to explore how our digital governance platform can help your board reach its full potential.\"})]})]});export const richText40=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"For those unfamiliar with NPS, it\u2019s a widely used customer satisfaction metric that measures the likelihood of customers to recommend a company or its products to others. A score above 75 is considered world-class, indicating strong customer loyalty and satisfaction.\"}),/*#__PURE__*/e(\"p\",{children:\"This achievement wouldn\u2019t have been possible without the trust and support of the more than 3 000 board members across 400 organisations in 50 countries around the world using BoardClic. We\u2019re deeply grateful to all of them for their trust and valuable feedback, which continuously help us to improve and grow. Thank you for your loyalty and support, it means the world to us!\"}),/*#__PURE__*/e(\"p\",{children:\"At BoardClic, we are committed to helping boards around the world improve their performance and effectiveness. Our digital governance platform is designed to provide a seamless, intuitive and user-friendly experience for all users. We believe that our success is driven by our customers\u2019 success, and we are proud to be a part of their journey.\"}),/*#__PURE__*/t(\"p\",{children:[\"Do you want to take your board to the next level? Then we are here to help. \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/demo-request/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Book a meeting and talk to one of our experts.\"})})]})]});export const richText41=/*#__PURE__*/t(r.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"In her white paper,\",/*#__PURE__*/e(a,{href:\"https://www.airmic.com/sites/default/files/Hermione-Winterton-Risk-Leadership-Dissertation-White-Paper.pdf\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" Diversity of Thought in the Boardroom\"})}),\", Hermione Winterton refers to groupthink as being a \u201Cfaulty evaluative compass\u201D and the opposite of a balanced and diverse board. Winterton states that \u201Cseveral corporate collapses have been attributed to groupthink amongst board members.\u201D\"]}),/*#__PURE__*/e(\"p\",{children:\"She cites the collapse of US energy giant Enron as an example. \u201CKenneth Lay, the CEO of Enron, had selected board members from those who had business relationships with Enron or whose organisations had been beneficiaries of Enron\u2019s political or charitable donations,\u201D says Winterton. \u201CThe group was unlikely to challenge the dominant long-standing chairman to whom it owed so much and, as a result, Lay had created an environment that became a breeding ground for groupthink.\u201D\"}),/*#__PURE__*/e(\"h2\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})}),/*#__PURE__*/e(\"h2\",{children:\"What is board composition?\"}),/*#__PURE__*/t(\"p\",{children:[\"Board composition is an analysis of the skills, competencies and experiences that your directors possess as a collective, leading to a variety of perspectives. \",/*#__PURE__*/e(a,{href:\"https://hbr.org/2019/03/when-and-why-diversity-improves-your-boards-performance\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Diverse board composition\"})}),\" includes social, professional and cognitive diversity. 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Understanding composition helps chairs and nomination committees decide what to focus on to ensure a good balance in the board of directors.\"}),/*#__PURE__*/e(\"p\",{children:\"When too many directors come from the same backgrounds, with the same experiences and the same outlook, the decision-making process can be less open to new ideas and more liable to follow the same paths they have always taken. In a continuously changing corporate landscape, this can result in missed opportunities and even push the company towards a crisis.\"}),/*#__PURE__*/t(\"p\",{children:[\"The\",/*#__PURE__*/e(a,{href:\"https://www.frc.org.uk\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" UK Corporate Governance Code\"})}),\" states that \u201Cthe board and its committees should have a combination of skills, experience and knowledge. Consideration should be given to the length of service of the board as a whole and membership regularly refreshed.\u201D In other countries, such as France and Germany, there are\",/*#__PURE__*/e(a,{href:\"https://www.forbes.com/sites/avivahwittenbergcox/2021/05/15/france-unanimously-votes-gender-quotas-for-executive-leadership/?sh=2722b46f2b8e\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" quotas for elements of board composition diversity\"})}),\", such as the gender of board members.\"]}),/*#__PURE__*/t(\"p\",{children:[\"A board composed of diverse directors makes it easier for customers, investors and stakeholders to see themselves being represented by the board. Indeed, many institutional investors like\",/*#__PURE__*/e(a,{href:\"https://www.jdsupra.com/legalnews/state-street-calls-for-board-and-9684582/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" State Street Global\"})}),\" are starting to demand that issuers release data on board composition in order to gain its votes for chairs of nominating and governance committees.\"]}),/*#__PURE__*/e(\"h2\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})}),/*#__PURE__*/t(\"h3\",{children:[\"Best practices in board composition\",/*#__PURE__*/e(\"br\",{}),\"Assess current board member skills\"]}),/*#__PURE__*/e(\"p\",{children:\"To know the skills gaps that currently exist within the board of directors, you should make an assessment of those competencies already evident. The steps you should take are:\"}),/*#__PURE__*/t(\"ol\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\"},children:/*#__PURE__*/e(\"p\",{children:\"Understand the skills your board needs, now and in the next years, which will vary from board to board. 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These might include industry experience, legislative understanding, senior management experience, financial literacy, listening skills, high ethical standards, understanding of stakeholder issues, and anything else you deem important to your business.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\"},children:/*#__PURE__*/e(\"p\",{children:\"You can then look at your skills matrix and work out where you need to strengthen. This might be through recruitment, succession or training.\"})})]}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Evaluate board performance\"}),/*#__PURE__*/t(\"p\",{children:[\"One of the best ways to ensure good governance is to \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/blog/how-to-measure-board-effectiveness/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"evaluate your board performance\"})}),\" on a regular basis. You can understand the trends relating to your performance and identify areas in which you need to improve.\"]}),/*#__PURE__*/t(\"p\",{children:[\"Boardclic\u2019s\",/*#__PURE__*/e(a,{href:\"https://boardclic.com/products/board-evaluation\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" board evaluation platform\"})}),\" offers industry-specific surveys that feature formats based on your company structure and which help you gain clear, honest and useful data on your board performance. You can benchmark director performance against past company data and the industry in general to provide information on how the \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/board-performance/board-of-directors-development/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"board is developing\"})}),\".\"]}),/*#__PURE__*/e(\"p\",{children:\"Boardclic highlights skill gaps, helps clarify strategic objectives and enables you to gain a competitive edge over your peers.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Consider all aspects of board member diversity\"}),/*#__PURE__*/e(\"p\",{children:\"Rightly, there is a focus on board diversity in terms of gender and ethnicity. These are important areas in which to ensure representation. However, you should also consider all aspects of diversity, including socio-economic background and age.\"}),/*#__PURE__*/t(\"p\",{children:[\"On the subject of board member age, Annalisa Barrett of Board Governance Research LLC and Jon Lukomnik from the Investor Responsibility Center Institute\",/*#__PURE__*/e(a,{href:\"https://corpgov.law.harvard.edu/2017/04/06/age-diversity-within-boards-of-directors-of-the-sp-500-companies/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" carried out research into board age diversity\"})}),\" amongst S&P 500 companies in 2017. They found that the average age of directors was 64.2 years and that fewer than a quarter of boards had an average age below 60.6 years. In addition, the median standard deviation of ages at S&P 500 company boards was 6.9 years, showing that most boards comprised individuals of a very similar age.\"]}),/*#__PURE__*/e(\"p\",{children:\"This is despite the fact that, as the report found, \u201Cpeople from different age groups bring different life experiences and perspectives to the important work done by corporate boards.\u201D\"}),/*#__PURE__*/t(\"p\",{children:[\"Millennials and Generation Z are already\",/*#__PURE__*/e(a,{href:\"https://fortune.com/2021/11/18/millennials-genz-investing-markets-wealth-transfer/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" investing in increasing numbers\"})}),\", and many will look for companies whose boards better represent them. If your average age is towards the higher end for your industry, encouraging younger board members to join could be beneficial for your diversity profile.\"]}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Consider board and committee size\"}),/*#__PURE__*/t(\"p\",{children:[\"There is no set, ideal board size. The right size of a board for your company will depend on your individual circumstances rather than on specific rules for boards. Some studies suggest a smaller board is beneficial to a business, but many boards have to be large to accommodate shareholder representation, independent requirements and other necessities. There are pros and cons of both large boards and small boards.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{}),\"\u2014\u2014\u2014\u2014\u2014\u2014\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]}),/*#__PURE__*/e(\"h3\",{children:\"Recruit independent directors\"}),/*#__PURE__*/e(\"p\",{children:\"It is important to add independent and non-executive directors (NEDs) to a board for a number of reasons:\"}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[\"It might be mandated by the local law in the jurisdiction that a proportion of the board or committee is composed of independent directors.\",/*#__PURE__*/e(a,{href:\"https://thelawreviews.co.uk/title/the-corporate-governance-review/netherlands\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" In the Netherlands\"})}),\" and Finland, for example, the majority of a corporate board must be independent.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"They bring an outside perspective on the company\u2019s strategy that might be missed by people who are too close to the business.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"They can bring individual skills that you are currently lacking.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"They have independent views that offer alternatives to the traditional strategy and can solve internal conflicts or disagreements.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/t(\"p\",{children:[\"They might have business contacts that can benefit the organisation.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})})]}),/*#__PURE__*/e(\"h3\",{children:\"Set expectations around tenure\"}),/*#__PURE__*/e(\"p\",{children:\"Low turnover in board membership, caused by long tenures, means that it is difficult to effect change with any agility. However, long tenure on a board can be an indicator of a strong board. This makes setting expectations on tenure tricky. You have to balance the fact that board members want to remain for as long as they feel they can contribute effectively versus the concern of long tenure turning into complacency.\"}),/*#__PURE__*/t(\"p\",{children:[\"Some organisations stick to a\",/*#__PURE__*/e(a,{href:\"https://www.governancetoday.com/GT/Blogs/Board_member_tenure__how_long_is_long_enough_.aspx?WebsiteKey=0cf4306a-f91b-45d7-9ced-a97b5d6f6966\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" three-term rule\"})}),\":\"]}),/*#__PURE__*/t(\"ul\",{style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"26px\",\"--framer-text-alignment\":\"left\",\"--framer-text-color\":\"rgb(116, 125, 136)\",\"--framer-text-transform\":\"none\"},children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"First board term to learn the job\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Second term to take a leadership role\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"16px\",\"--framer-line-height\":\"1.8em\"},children:/*#__PURE__*/e(\"p\",{children:\"Third term to mentor and support new board members\"})})]}),/*#__PURE__*/e(\"p\",{children:\"Whatever you decide to proceed with, you should let directors know your tenure strategy when you recruit them. That way, they understand how long they have to contribute to the success of the organisation. It also means you know when you next have the opportunity to add new skills to the board and can plan accordingly.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})}),/*#__PURE__*/e(\"h3\",{children:\"Create a succession plan\"}),/*#__PURE__*/e(\"p\",{children:\"In order to achieve the most effective board composition with all the skills and competencies that you require, you should put a succession plan in place for the board chair and directors \u2013 executive and non-executive. Prioritise your business goals and develop a talent pipeline that ensures there are high-potential candidates ready to level up your board.\"}),/*#__PURE__*/e(\"p\",{children:\"Succession planning should take a multi-year approach, considering the forthcoming challenges for the industry. Consider how the company\u2019s needs in terms of strategising and leadership will develop over the next five years and build that into your succession management efforts.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Conduct annual board elections\"}),/*#__PURE__*/t(\"p\",{children:[\"Some jurisdictions require directors to be\",/*#__PURE__*/e(a,{href:\"https://www.frc.org.uk/getattachment/88bd8c45-50ea-4841-95b0-d2f4f48069a2/2018-UK-Corporate-Governance-Code-FINAL.PDF\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" re-elected every year\"})}),\". Even if this isn\u2019t the law where you are based, it can be a helpful exercise to assess whether the current board directors are the best fit for where you want your organisation to be in the future.\"]}),/*#__PURE__*/e(\"p\",{children:\"Annual elections allow you to guard against complacency in board positions and free up space to help you add the necessary aspects to the board that are missing.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h2\",{children:\"FAQs\"}),/*#__PURE__*/e(\"h3\",{children:\"How do you measure board composition?\"}),/*#__PURE__*/t(\"p\",{children:[\"Using a tool like\",/*#__PURE__*/e(a,{href:\"https://boardclic.com/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\" BoardClic\u2019s board evaluation platform\"})}),\", you can create an overview of the composition of the board in terms of the skills, attitudes and experience of your board. You can add this detail to a skills matrix that allows you to visualise your board composition and how it weighs against governance practices in your sector.\"]}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"What is the most important element of board composition?\"}),/*#__PURE__*/e(\"p\",{children:\"The most important part of board composition is matching your board\u2019s skill sets with your priorities and goals for the organisation. Your composition efforts have to continuously bring you a stronger and more cohesive board. Rather than concentrating on any one metric, focus on increasing the overall effectiveness of your board and making company performance your target.\"}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"How often should you discuss board composition and succession planning?\"}),/*#__PURE__*/t(\"p\",{children:[\"Board composition and succession can be sensitive topics, as they involve discussing replacing board members. However, it is important that you are able to take the time to develop and \",/*#__PURE__*/e(a,{href:\"https://boardclic.com/board-management/onboarding-process-for-new-board-members/\",motionChild:!0,nodeId:\"LirKPvwBI\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"nurture new directors\"})}),\" before they are needed. Otherwise, they will struggle to integrate quickly and effectively if the process is too rushed. This means that succession planning should be added to the board agenda of a board meeting and form part of your annual evaluation process at a minimum.\"]}),/*#__PURE__*/e(\"p\",{children:\"\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Conclusion\"}),/*#__PURE__*/t(\"p\",{children:[\"We hope these board composition best practices will help you develop your strategy for moving forwards and crafting the most effective board you can with a strong diversity profile. To be able to achieve this, you need to understand what sort of board you want to be and which attributes will best help you achieve that goal. 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