In India, a board of directors evaluation is mandated under the Companies Act, 2013 and SEBI (LODR) Regulations for listed companies. Ideally, this evaluation should be carried out annually to ensure the board remains aligned with evolving business strategies and regulatory standards.
Annual evaluations help in benchmarking performance year-over-year, allowing boards to recognize progress and address gaps. Factors such as board composition, frequency of meetings, director participation, and strategic contributions are commonly assessed. More frequent evaluations may be considered for newly formed boards or during major corporate transitions.
Legality Simplified provides a structured and compliant solution for conducting yearly board of directors evaluations. We ensure that evaluations are aligned with SEBI and Ministry of Corporate Affairs requirements while also going beyond compliance to deliver strategic insights. Our platform facilitates a smooth and confidential review process using advanced digital tools and customized templates. Through Legality Simplified, companies can seamlessly manage their governance obligations and ensure their board remains proactive, effective, and forward-thinking.