Due Diligence

 

“Due diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person prior to signing of a contract, or the performance of an act with a certain standard of care.”  Reference.com
 
By other business terms a “due diligence” can be referred to as an “appraisal”, a “gap analysis” or a “healthcheck”. 
 
In all cases it is review of a current position through the process of questions and achieving answers which are  analysed to determine a resulting picture, heatmap, rating, status or degree of achievement.
 
To move forward and improve you need to know where you are at present.  Due diligence may be carried out by a prospective NED, SID,  Chairman, an existing board director, the Company Secretary or interested third party. 
 

Typically used board level due diligence and appraisal exercises might be any one or more of the following -

Due Diligence

1.  Evaluation against the Walker Review

2.  Evaluation against the UK Corporate Governance Code or other relevant Code of the industry

3.  Evaluation against best practice guidance for the industry

4.  Independence of directors

5.  Risk process evaluation

6.  Sustainability review

Appraisals

1.  Appraisal of the Chairman

2.  Self Appraisal by Directors

3.  360 degree review by all Directors

4.  Role competency evaluation

5.  Skills and experience gap analaysis

6.  CSR maturity evaluation

Genius Methods has a number of standard questionnaires for these purposes but more often than note these are tailored for each customer before use.  See further information on the Appraisals tab

Further information
Please view additional pages on Board Evaluation either via the drop down menus above on the Board Evaluation tab or click on links below:

Independent Board Evaluation

Board Excellence

Who should carry out a Board Evaluation?

Do do or not to do a Board Evaluation?

Evaluate your approach to a Board Evaluation

Progressive Approach to evolving Board Governance

Annual Exercise

Deriving Value

Effectiveness Checklist

 Due Diligence

Director Appraisals

Find out more…
Make your own assessment of our Board Evaluation
services by sampling our trial sample extract of a questionnaire.

Email us on boardevaluations@geniusmethods.com requesting access to the trial copy

or simply get in touch for an unbiased, honest view of the available, suitable options.

Quis custodiet ipsos custodes?*
(From ‘The Satires of Juvenal’)  

‘Who will guard the guards themselves?’;    also sometimes translated as   ‘Who watches the watchmen?’   

A succinct encapsulation of the true spirit of corporate governance.