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Bank of Baroda to evaluate board’s performance

Bank of Baroda is proposing to evaluate its board’s performance and it has invited proposals from consultancy firms to undertake the task. An RPF of the bank said it is seeking to appoint an advisory firm for ‘Review of Board Evaluation’ and has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank’s board. The review would provide an opportunity to align and prioritize the board’s focus on critical issues, it said. The bank hopes that the review would also help it enhance the board’s overall effectiveness through improved dynamics and strengthened processes. As part of the evaluation, the selected consultancy would be required to conduct in-depth interviews with individual board members through in-person meetings, analyze findings and share preliminary feedback with select members of the board and to conduct a board alignment workshop.

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