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BoB to understand board’s effectiveness

Bank of Baroda is intending to appoint an advisory firm to review the effectiveness of its board. The bank wants to conduct an independent review of the overall effectiveness of the board. It expects the review to provide an opportunity to align and prioritize the board’s focus on critical issues. It also hopes that the outcome of the review would help enhance the board’s overall effectiveness through improved dynamics and strengthened processes. The task would involve conducting in-depth interviews with individual board members through personal meetings, gathering additional insights through observation of board meetings and analyzing the board minutes and analyzing the findings and give a preliminary feedback to select members of the board. The agency will also be required to conduct a board alignment workshop and define the board’s vision.

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