India has moved recently from a voluntary Board evaluation under Clause 49 of the Listing Agreement (SEBI) and Corporate Governance Voluntary Guidelines of MCA (2009) to a mandatory Board Evaluation under Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
As per the Narayan Murthy Committee Report, it is necessary to have a robust process in place for Board evaluation. It is also necessary to ensure continuity of top leadership, including CEO succession planning.
Need For Board Evaluation
Our board services conducted by an expert panel, have helped organizations benchmark best practices for effective Board performance. Our evaluators are experts from the corporate industry, with decades of experience and knowledge in optimizing Board effectiveness.
We have conducted strategic evaluations and board effectiveness evaluations of listed companies, with emphasis on Public Interest Directors (PID). Some of our key PID clientele includes Ex Supreme Court Judge – PID of Asia’s first stock exchange, Retd. IAS officer and an Ex Union Finance Secretary (Department of Revenue).
Legasis has conducted awareness trainings and workshops on board sensitization, with focus on the Board’ responsibilities towards all the stakeholders.
Our consultation services have been rendered to Retd. Deputy Governor of RBI and Ex Chairman and MD of BoB – PID of a Stock Exchange, Founder member of NSE – MD & CEO of the fastest Exchange in the World, MD & CEO of India’s leading clearing corporation with over 30 years of experience and others.
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