JERSEY – and the periodic assessment of the board's effectiveness
28/04/2021
Revisions to the JFSC JERSEY Codes of Practice in March 2018 included a new requirement that all aspects of a registered person's corporate governance arrangements be subject to regular review.
Further, a periodic self-assessment, or external assessment, of the board's effectiveness is a critical part of this regulatory requirement.
How do you do yours?
A self-assessment may satisfy a regulatory requirement; however, the extent to which it adds genuine value, as an objective and balanced test, is another matter.
For businesses that are seeking to derive maximum benefit from this exercise, Comsure has developed a review format that is comprehensive, collaborative and non-intrusive.
Our assessments are cost-effective and can be tailored to meet your specific requirements. Typically, they will take account of the following areas:
- Board composition and structure
- Board strategy and objectives
- Conduct of meetings
- Board packs and minutes
- Communications with stakeholders
- A survey of directors and senior management opinions
If you would like to find out more about how COMSURE may be able to assist, please contact us to arrange a meeting
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.