2024-102 Board Effectiveness Review
OFGEM · London
Key facts
- Closing date
- 20 Aug 2024
- Contract starts
- 01 Sep 2024
- Contract ends
- 02 Jan 2025
- Procedure
- Open procedure (below threshold)
- Buyer type
- Central government
- Source
- Contracts Finder
Description
Good practice in corporate governance is for Boards to review their own effectiveness every year, and to have externally facilitated board evaluations at least every three years. This is also a government requirement for arms-length bodies. Ofgem wishes to carry out a board effectiveness review that fulfils the traditional requirements, including: a) Providing independent feedback on how well the Board carries out its duties and how this compares with best practice and relevant corporate governance guidance; and b) Providing advice to the Board on how to improve its effectiveness by reviewing the current structures, processes, behaviours, and decision-making.
Categories (CPV)
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