Board evaluation practices : experiences from the Latin American companies circle (Anglais)

Board Evaluation Practices: Experiences from the Latin American Companies Circle (“BE Practices”) was prepared by the Companies Circle and its Board Evaluation Working Group.1In preparation for this report, and in order to collect the relevant information...  Voir la suite Board Evaluation Practices: Experiences from the Latin American Companies Circle (“BE Practices”) was prepared by the Companies Circle and its Board Evaluation Working Group.1In preparation for this report, and in order to collect the relevant information for analyzing the companies’ practices, the Working Group conducted a survey among the Companies Circle members. This information was used to develop a set of good practices to be considered by other Latin American companies when undertaking Board evaluations.2Moreover, the Working Group also reviewed the recent market literature on Board evaluation and presented the results of a survey of fifteen out of seventeen members of the Companies Circle that conduct Board evaluations.This report also covers Board evaluation practices employed by Latin American companies and their motivation, considering its scope and tools. The document presents additionally what companies are expected to do as a result of the evaluation process to improve Board performance. This document first presents the different types of Board evaluations. Then it describes existing practices when conducting Board evaluations based on the experiences of the Companies Circle. Section D presents the main conclusions and useful practices to be considered by Latin American companies that undertake Board evaluations. The main findings of the study are: (i) Board evaluations have been increasingly recognized in the region as a useful tool to improve the performance of the Board; (ii) trust in the credibility and confidentiality of the evaluation process is a key factor for its success; (iii) in the path to build an effective Board, evaluations require the commitment of directors to undergo a thorough review to identify the strengths and areas for improvement; (iv) The main results of the evaluation should be inputs to an action plan, followed up by the Board.  Réduire