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38 Chapter 2 - Good Governance: Managing Internal RiskAnnex: Table 2A.1 Sample Board Self-Evaluaon QuesonnaireThe board of a Kazakhstani microfinance instuon used the quesonnaire in table 2A.1 to assess its effecveness.Please evaluate the following statements according to the scale:4 – strongly agree, 3 – agree, 2 – disagree, 1 – strongly disagree1. Vision and Mission: Is the Board united around a common vision and a sharedunderstanding of strategy for the future? Consider:Members of the board have a shared vision of the nature, purpose and priories of theorganizaon.Members of the board demonstrate a common view of the kind of organizaon it wants to be,as well as of the most important aspects of its performance (i.e. the criteria by which success orfailure is to be evaluated).The above points are documented.This is a board which knows where it is going.Your comments:2. Roles and Responsibilies: Are the board’s responsibilies and the roles of board membersclearly defined and understood? Consider:The dues of the board, of individual board members, and of board commiees, are clearlydefined in wring.The legal obligaons of board members are well understood.New board members are adequately briefed about the organizaon, its history, constuon,acvies, aspiraons, and performance.There is an ongoing process of board training and development.Your comments:3. Governance Style: Does the Board manage by policy, or by intervenon in areas ofexecuve responsibility? Consider:The board focuses its aenon on “top level” performance indicators and strategic direcon.The Board looks for feedback on the effecve implementaon of its decisions withoutintervening in operaonal detail.The disnct roles of board chair and execuve director are documented so that there is nooverlap (or gap).The Board strives to empower staff to do their jobs subject to periodic performance reviewwithout constant board intervenon.Board commiees concentrate on policy and direcon and do not slip into “micromanagement”.Your comments:4. Board Administraon: Is board administraon carried out in a fully professional and legallycorrect manner? Consider:Board meengs are correctly and legally administered, including calling noces for meengs,agendas, minutes, annual general meengs, and so forth, as appropriate.Board meengs are managed effecvely, making good use of everyone’s me.Board meengs deal with important and strategic issues.Processes for the appointment of new board members are documented and are designed so asto ensure a diverse and capable board.Your comments:Source: Compiled by Tillman Bruett.4 3 2 1
Managing Risk and Creating Value with Microfinance393Interest Rates:Paying for RiskCreditors have better memory thandebtors.*Benjamin Franklin*Benjamin Franklin, 1758, Poor Richard’s Almanac, http://www.quotationspage.com/quote/29923.html.
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