UK SBS PS22350 Board Effectiveness Review

A Contract Award Notice
by UK SHARED BUSINESS SERVICES LIMITED

Source
Contracts Finder
Type
Contract (Services)
Duration
2 month
Value
£34K
Sector
PROFESSIONAL
Published
01 Feb 2023
Delivery
23 Jan 2023 to 30 Mar 2023
Deadline
07 Dec 2022 11:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

**THIS IS AN AWARD NOTICE ONLY, NOT A CALL FOR COMPETITION.** ** FURTHER COMPETITION WAS UNDERTAKEN VIA THE CROWN COMMERCIAL SERVICES (CCS) RM6188 AUDIT AND ASSURANCE SERVICES FRAMEWORK LOT 4** UK SBS and its clients are undergoing major change programmes to implement new transactional shared service solutions for existing and potentially, new clients, requiring significant end-to-end process and organisational transformation over the next few years. The Board needs to be ready and fit for purpose to ensure the successful future of UK SBS. As a limited company and in accordance with best practice and the UK Corporate Governance Code, UK SBS is required to undertake an externally facilitated Board Performance Evaluation exercise once every three years. Due to a change in Board Chair and Non-Executive Directors, the externally facilitated exercise was postponed from 2021 and is now overdue. An external independent organisation should be commissioned to undertake the review. The Chair should act on the results of the evaluation by recognising the strengths and addressing any weaknesses of the Board. Each Director should engage with the process and take appropriate action when development needs have been identified. The annual report should then describe (among other things): · How the board evaluation has been conducted. · The nature and extent of an external evaluator's contact with the board and individual directors. · The outcomes and actions taken, and how it has or will influence board composition.

Award Detail

1 Ankura Consulting Europe (London)
  • Value: £34,050

CPV Codes

  • 79313000 - Performance review services

Indicators

  • Contract is suitable for SMEs.

Other Information

PS22350 RM6188-Framework-Sched-6_-Order-Form-and-Call-Off-Scheds redacted.pdf Variation to correct error in Contract document. Expiry date was advertised as 30 March 2023 not 22 February 2023. All other documents are correct. PS22350 Contract Variation 001 final countersigned 300123 redacted.pdf

Reference

Domains