Moore Stephens Jersey has launched its new Board Evaluation
Service, primarily aimed at Jersey funds affected by the new Codes
of Practice, which provides the opportunity for boards to create a
virtuous circle of sustained improvement and competitive advantage
by promoting best leadership practice for company strategic and
operational decision-making, oversight, risk management and
Phillip Callow, Partner of Moore Stephens Jersey who heads up
the Board Evaluation Service commented, "Effective Board
leadership is critical to business success, especially in the face
of increasing market complexity, high investor expectations and
critical public opinion."
If good leadership is in place, regulatory requirements will
automatically be met. Periodic and robust evaluations should form
an important element of best practice, whether for listed or
The recently released Codes of Practice for Certified Funds
encourages the adoption of rigorous self-review measures as of
2nd. April 2012. They comprise the most recently issued
additional governance measures published by the Jersey Financial
The Moore Stephens Board Evaluation Service offers an immediate
solution to this requirement.
Moore Stephens Jersey has the expertise to precisely and
sensitively collect, analyse and report data to clients, with
clarity and discretion. Board directors are given the means to
conduct self-assessments through tailored questionnaires and
informal interviews. The data is presented as clear and actionable
Boards can adapt the scope and scale of the assessments to meet
their specific needs across the breadth of regulatory, risk
management and other governance requirements. The number of
questions and topics examined can be tailored to each specific
case, as can the order of priority. The evaluation will highlight
strengths as well as those areas that may need to be improved. It
is invaluable for demonstrating excellence to shareholders whilst
gaining critical management information for the highest level of
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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As the private client industry in Jersey seeks to attract clients from the emerging jurisdictions it is likely to become increasingly involved with putting in place succession planning and asset protection structures that relate to family businesses.
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