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Benchmarking
is the most cost effective way of introducing best practices to your
organization.
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Corporate
Governance Benchmarking Network is an association of companies whose
members conduct benchmarking studies to identify the best practices
surrounding Corporate Governance that improves the overall operations
of the members.
Sarbanes-Oxley Act
of 2002
A Congressional Act signed into law by President Bush on July 30, 2002 that
contains a number of provisions that dramatically change the reporting and
corporate governance obligations of public companies and their directors and
officers.
What
is Benchmarking?
Benchmarking is a collaborative
learning process among a group of companies to focus on specific operating
practices, compare measures and results and identify improved processes
within their organizations.
Key
Components
- Data gathering
in the form of detailed surveys of measures and processes;
- Identification
of best performers; and
- Site visits to
the best companies.
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Benchmarking
Looks at Best Practices
- Internally among
divisions;
- Within the industry;
and
- Outside
the industry - “out-of-box”.
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CGBN™ Mission
To identify "Best
in Class" corporate governance processes, which, when implemented,
will lead member companies to exceptional performance.
CGBN™ Objectives
To conduct benchmarking
studies of important corporate governance processes.
To create a cooperative
environment where full understanding of the performance and enablers
of "best in class" corporate governance processes can be obtained
and shared at reasonable cost.
To use the efficiency
of the association to obtain process performance data and related best
practices from corporate governance processes.
To support the use
of benchmarking to facilitate corporate governance process improvement
and the achievement of accuracy, timeliness and efficiency.
CGBN™ Membership
The scope of CGBN™ membership
includes individuals who work in corporate governance in major corporations.
Company membership will be considered with respect to compliance with CGBN™ mission,
goals and operating guidelines, as well as, qualification of the organization
within the scope of membership.
Participation in specific efforts will be optional and open only to members
with costs shared by the participants. Members pay only if they join a specific
study. Currently, membership in CGBN™ is free. We reserve the right to
review membership applications and to make the final decision whether or not
to accept any application. Consulting firms are ineligible for membership.
CGBN™ Benefits of
Membership
Studies:
CGBN™ will identify
and present to members opportunities to participate in Benchmarking
studies on various topics addressing issues of importance to the corporate
governance functions.
There are two types of Benchmarking studies provided:
Consortium studies
are offered to the membership as a whole with costs divided.
Single company sponsored
studies addressing the interest of one member company can be offered
to other selected members for no fee.
The association will also support corporate governance benchmarking efforts:
Research - Access
public and private databases.
Identify study participants
- Top companies in corporate governance.
Collect data - Manage
response collection with the participants as a third party.
Lead site visits
- Structured with best participants.
Roundtables:
Interest group roundtables
will be organized throughout the year. Members will pay a nominal fee
to join real and virtual roundtable discussions that address specific
corporate governance processes.
Cost:
Currently, membership
in CGBN™ is FREE! Costs of studies are shared
by the participants
Become a CGBN™ Member
To become
a member of CGBN™, click below.
On-Line
sign up application
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Feature Site of The Week - Benchmarking Roundtables
