Board Consulting
Rapid globalization, fast changing business milieu, stringent regulatory & governance requirements, fast technology evolution and an intense competitive environment has put a strong focus on board performance and effectiveness. The recent economic downturn and financial meltdown has also mandated a strong board oversight including Enterprise Risk Management. In addition the recent amendments to the Indian Company’s Act have put more onus and scrutiny on the fiduciary functions of Governance, Compliance and Risk in addition to huge expectations and demands on the board and independent directors.
This calls for a transformation of many existing Indian boards to more forward looking dynamic boards, with the right mix of skills, experience and competent board members, fully engaged, and able to create both short term and long term value for its shareholders and investors, at the same time ensuring good corporate citizenship, sustainability and community connect.
The markets, rating companies, institutional investors and other stakeholders are rewarding good corporate governance. Recent studies have shown a clear link between value creations with strong boards driving good corporate governance.
Cornerstone International Group through its dedicated ‘Board Practice’, as a close and trusted advisor and counsel to CEO’s and board members, is focused on ‘Help Build High Performing and Effective Boards’, to address not only current but also future business environment.
This typically involves, working collaboratively with the top level of organization leadership, chairman and board members. This begins with the review of the existing board, where they are and where they need to be, gap analysis, recommendations and implementation support to address these gaps. These typically consist of number of activities namely:
The team that offers this service has significant experience and expertise covering both emerging and developed markets, corporate governance, industry and functional domains; organization & leadership assessment & development gained through practical experience working at top level assignments.
For more details Please contact Mr. Vijay Karkare, Managing Director - Cornerstone India at: This email address is being protected from spambots. You need JavaScript enabled to view it.
This calls for a transformation of many existing Indian boards to more forward looking dynamic boards, with the right mix of skills, experience and competent board members, fully engaged, and able to create both short term and long term value for its shareholders and investors, at the same time ensuring good corporate citizenship, sustainability and community connect.
The markets, rating companies, institutional investors and other stakeholders are rewarding good corporate governance. Recent studies have shown a clear link between value creations with strong boards driving good corporate governance.
Cornerstone International Group through its dedicated ‘Board Practice’, as a close and trusted advisor and counsel to CEO’s and board members, is focused on ‘Help Build High Performing and Effective Boards’, to address not only current but also future business environment.
This typically involves, working collaboratively with the top level of organization leadership, chairman and board members. This begins with the review of the existing board, where they are and where they need to be, gap analysis, recommendations and implementation support to address these gaps. These typically consist of number of activities namely:
- Board composition and diversity based on short and long term vision, deliverables and objectives of the Company and stakeholders and competencies critical skill sets required including both for the executive and independent directors
- Board functioning and clarity of roles and responsibilities including independent directors
- Helping in defining Board , various committees and individual directors Performance metrics, KRA’s and KPI’s
- Determining
- Overall Board effectiveness
- Various committee effectiveness
- 360 degree Performance Appraisal
- Overall Board Performance Appraisal
- Independent Director Performance appraisal
- CEO, Executive Director and other director performance appraisal
- Chairman performance appraisal
- Executive and Independent Director Search with the required critical skill sets, experience and competencies, including on boarding, Training and development.
- Executive and Independent Director compensation
- Industry & Peer benchmarking
- Facilitating culture and Change Management to enhance overall effectiveness of the board
The team that offers this service has significant experience and expertise covering both emerging and developed markets, corporate governance, industry and functional domains; organization & leadership assessment & development gained through practical experience working at top level assignments.
For more details Please contact Mr. Vijay Karkare, Managing Director - Cornerstone India at: This email address is being protected from spambots. You need JavaScript enabled to view it.