Bvalco Ltd is an independent company which offers a fresh approach of Board evaluation. Bvalco’s aim is to support Chairmen to deliver improved business performance through enhanced Board effectiveness.
The scrutiny of Boardroom performance in the UK’s leading organisations has never been greater. A challenging economic climate combined with high profile criticism of Corporate Governance standards has put considerable pressure on Chairmen to ensure the Boards they lead perform effectively whilst also reflecting expectations of wider stakeholder on such issues as diversity, data security and executive remuneration.
Recognising that effective Board performance lies at the heart of sustainable organisational success, the standards in the UK Corporate Governance Code define the important foundations of Board effectiveness.
Whilst regulatory compliance is a desirable first step, Bvalco believes that the greater challenge to optimising Board performance goes beyond simply satisfying compliance criteria. A board will derive undoubted benefits from operating as a cohesive unitary body.
“Board reviews are challenging – they require both sensitvity and integrity. Bvalco showed both combining independent professionalism with a genuine interest in the organisation’s values and ambitions. For us, the Bvalco experience was invaluable in increasing our effectiveness on two levels: substantive issues were surfaced in a constructive and non-judgmental way whilst the very process increased the confidence of individual board members in contributing to the board’s discussions.”
Martin Hayman, Chairman, Restless Development