McGladrey Expands Corporate Governance Service through Alliance with the Center for Board Excellence
CHARLOTTE – (September 13, 2011) – McGladrey, the brand under which RSM McGladrey, Inc. and McGladrey & Pullen, LLP operate as one of the nation's largest providers of assurance, tax and consulting services, and The Center for Board Excellence (CBE) have formed an alliance to offer web-based board and leadership evaluation tools that have the potential to become the gold standard of excellence in corporate governance and leadership self-assessments.
"A frequently cited Journal of Business Ethics study shows that businesses that demonstrate integrity at the board and leadership level perform better financially than those that don't," said Joe Adams, managing partner and CEO with McGladrey & Pullen. "Board assessments improve a company's leadership effectiveness and overall financial performance. Our alliance with CBE enhances our ability to provide clients with deep understanding and insights into their board performance to help them manage risk."
There is no legislation requiring regular board assessments, however, all NYSE-listed companies are required to conduct board assessments and a majority of NASDAQ firms conduct them without a similar obligation.
"Businesses can wait for their industry or legislators to regulate corporate governance, or they can take the initiative to demonstrate board integrity and transparency," said Byron Loflin, president of CBE. The CBE's Leadership Excellent Assessment TM web-based self-assessment ensures that:
The CBE solution converts an expensive manual, time-consuming paper-based process into an automated online survey, offers third-party objectivity and improves board member directors and officers insurance profiles. "Our alliance puts clients at the forefront of governance compliance by demonstrating the commitment of their leadership to ethical performance," said Adams.
The online tools are easy-to-use, customizable and a more effective board evaluation solution than traditional alternatives that exceed compliance requirements, plus they enable clients to establish benchmarking for continuous improvement. The CBE method offers a standardized, cost-effective and recognized approach that will not only allow for individual client board performance benchmarking, but also allow comparisons among boards within the same industries or sectors.
The CBE evaluation tools include:
The CBE Leadership Excellence Assessment online platform includes an automated survey that is flexible and can be tailored, along with robust report writing capabilities. The new service is available to clients immediately.
Learn more about our Governance, Risk and Compliance and Enterprise Management services.
About The Center for Board Excellence
- Banking/Financial Institutions
- Consumer Products
- Financial Services
- Food and Beverage
- Government Contracting
- Government Entities
- Health Care
- Life Sciences
- Manufacturing and Distribution
- Private Clubs
- Private Equity
- Real Estate
- Specialized Industries