Best Board Practice®-certification procedure
Evaluation of management bodies in accordance with Corporate Governance principles, rewarded with the BBP® label guarantee mark including certificate
Corporate governance has gained in importance, both in the public sphere and in organizations. Various events and deviations related to this theme point to the need for action. The Board of Directors/Board of Trustees/Management Board plays a central role in every organization. The selection and composition of panels also has a decisive influence on the long-term success of the organization concerned. Anyone who demonstrably complies with the BBP® requirements gains trust from shareholders/owners, investors, employees, customers, suppliers, government agencies and the public. The organization can demonstrate that its top governing body is carrying out its duties independently, professionally and comprehensively, and has implemented an efficient and effective management and control structure.
Best Board Practice®
- supports the assurance of legal compliance
- contributes to the continuous improvement of corporate governance
- reduces organ-legal responsibility and liability issues to a minimum
- creates transparency and freedom from arbitrary decisions in all essential matters
- ensures the professionalism, efficiency and effectiveness of the top management
All top strategic management bodies of organizations (Board of Directors, Board of Trustees, Management Board, etc.) are addressed, regardless of size and industry affiliation.
3 years - in order to maintain a continuous further development, an annual surveillance assessment and after a 3 years period, a re-assessment will be conducted.
The Best Board Practice®-certificate is nationally recognised.
As a supplement to all operational level management systems.