How do you measure and report on your corporate governance performance and impact?

1 Define your objectives and indicators

The first step to measure and report on your corporate governance performance and impact is to define your objectives and indicators. What are the goals and principles of your corporate governance system? What are the key aspects and dimensions of your corporate governance performance and impact? How will you measure them quantitatively and qualitatively? You can use various frameworks and standards to guide you in this process, such as the OECD Principles of Corporate Governance, the GRI Standards, the Integrated Reporting Framework, or the ESG criteria.

2 Collect and analyze data

The second step is to collect and analyze data that reflects your corporate governance performance and impact. You can use various sources and methods to gather data, such as surveys, interviews, audits, reports, ratings, benchmarks, or indicators. You can also use various tools and techniques to analyze data, such as dashboards, scorecards, matrices, or models. You should ensure that your data is reliable, relevant, consistent, comparable, and verifiable.

3 Communicate and disclose results

The third step is to communicate and disclose your corporate governance performance and impact to your stakeholders. You can use various channels and formats to communicate and disclose your results, such as reports, websites, presentations, meetings, or social media. You should ensure that your communication and disclosure is clear, concise, accurate, timely, and balanced. You should also consider the expectations and interests of your stakeholders, and how your results can add value to them.

4 Evaluate and improve performance

The fourth step is to evaluate and improve your corporate governance performance and impact. You can use various tools and mechanisms to evaluate and improve your performance, such as feedback, reviews, audits, assessments, or ratings. You should also use various criteria and measures to evaluate and improve your impact, such as outcomes, outputs, inputs, or impacts. You should ensure that your evaluation and improvement is continuous, systematic, and responsive.

5 Align with best practices and standards

The fifth step is to align your corporate governance performance and impact with best practices and standards. You can use various sources and references to align your performance and impact with best practices and standards, such as guidelines, recommendations, codes, or principles. You should also use various methods and approaches to align your performance and impact with best practices and standards, such as benchmarking, gap analysis, or compliance. You should ensure that your alignment is relevant, appropriate, and adaptable.

6 Demonstrate leadership and accountability

The sixth step is to demonstrate leadership and accountability for your corporate governance performance and impact. You can use various actions and behaviors to demonstrate leadership and accountability for your performance and impact, such as setting vision and strategy, engaging stakeholders, fostering culture and values, or taking responsibility. You should also use various outcomes and achievements to demonstrate leadership and accountability for your performance and impact, such as creating value, enhancing reputation, or addressing challenges. You should ensure that your leadership and accountability is visible, credible, and influential.