Assessing Board Leadership

Richard Leblanc

Corporate Governance: An International Review, 2005, vol. 13, issue 5, 654-666

Abstract: The Canadian Securities Administrators’ National Policy 58‐201 Corporate Governance Guidelines (the “Policy”),1 released 15 April 2005, on which the author provided detailed advice, reads that: • “[t]he board should develop clear position descriptions for the chair and the chair of each board committee” (section 3.5); • the board should engage in an explicit two‐step “competencies and skills” recruitment of individual directors (sections 3.12 and 3.14);2 and • individual directors should be regularly assessed and that these assessments should consider “the applicable position description(s), as well as the competencies and skills each individual director is expected to bring to the board” (section 3.18). The Canadian Securities Administrators, subject to receiving the required approvals, intend for the Policy to come into force in Canadian jurisdictions on 30 June 2005. This article canvasses some of the aspects in assessing board leadership.

Date: 2005
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