Supervisory board evaluation is an internal procedure intended for systematic evaluation of the work performed by a supervisory board (questionnaire or matrix) with respect to existing good practices and with a certain degree of healthy self-criticism. Its purpose is not to provide a good grade, but to identify the areas of supervisory board operations that are in need of improvements. A supervisory board evaluation procedure that does not surpass the administrative approach and is not conducted properly brings no added value to the quality of the work performed by a supervisory board and will not yield desired results.Public limited companies and companies with capital assets of the State are subject to it based on reference codes, while banks and financial institutions are subject to it based on an executive regulation
COOPERATION WITH SDA – OUTSIDE VIEW, EDUCATION, COMPARISON
Added value from cooperation with an external expert: :The cooperation of external experts brings a certain level of objectivity in the procedure and, furthermore, the standardised evaluation matrix needs to be tailored to the specifics of a company and supervisory board. It is recommended that a supervisory board evaluates its work in cooperation with an external expert at least once during the term of office.
*For holders of the SDA Certificate, attendance at the workshop is considered as completed training for renewing the SDA Certificate.