Directors Competency Quotient (DCQ) @ MentorMyBoard

Welcome to your Directors Competency Quotient (DCQ) @ MentorMyBoard

 

Dear Director:

 

Welcome to the Directors Competency Quotient (DCQ).

This self-assessment tool will allow you to reflect upon and evaluate your performance/contributions as a Director. The purpose of this tool is to help determine competency levels, identify potential gaps in competency requirements and highlight areas where additional training and development may be required for your effective role as a member of the Board of Directors of a Company.

Even if you are an Aspiring Director, you can answer the questions based on your current knowledge and experience assuming you are the Director at present. Wherever references are made to board meetings, simply assume the role of the Director.

This tool is primarily qualitative in nature. It is recommended that it is used in conjunction and supported with other indicators and observations relating to the capabilities and attributes.

The inventory contains 60 items and will take about 45-60 minutes to complete, a small investment in your continuing development.

  • Skim through the entire inventory, and familiarize yourself with it, before responding to the items.
  • Focus exclusively on yourself as a director on this
  • Circle only one response for each item; leave no
  • Be honest and candid in your self-assessment. All directors excel in some areas and don’t in others; your responses should reflect this.

Please note that this inventory has been crafted to assess the most important aspects of your director role, but there may be some instances where specific items are not perfectly matched to your circumstances. Additionally, only the most important, not all, drivers of director performance and contribution are included here.

Take Your First Step Towards Being

AN EFFECTIVE MEMBER OF THE BOARD OF DIRECTORS

Against every statement, rate each on a scale of 1 to 5 as follows:

  1. Not at all     2. Rarely     3. Sometimes     4. Often     5. Very often

Answer the questions as you are (rather than how you think you should be).

Work quickly and go with your first reflex response!’

Sincerely,

 

The DCQ Team

@MentorMyBoard

 

 

* DCQ  Logo and related Titles, Characters and Trademarks are reserved for use by Sankara Ramnath or U2K Consulting LLP or its Licensors.*

 

1. 
I have a good general understanding of this organization, including its business model, strategies, structure, management, operations, and finances in addition to its key strengths and weaknesses

2. 
I understand the characteristics of the industry in which the company operates, the key metrics and the key competitors.

3. 
I know the company's products and the key resources required for business continuity.

4. 
I understand how the company’s operational efficiency can be compared with industry standards and best practices.

5. 
I understand how senior management evaluation and compensation can affect their performance and operational efficiency

6. 
I understand how to read, analyze, and question the financial reports, statements, business plans, budgets and forecasts prepared by the management.

7. 
I understand the purpose and uses of key financial ratios, financial trends, performance indicators, and peer group comparison reports. I can interpret, analyse, and discuss key ratios and metrics.

8. 
I am aware of this organization’s capital allocation process and the board’s role in it. I understand the capital structure, Weighted Average Cost of Capital (WACC)

9. 
I understand and can explain “off-balance sheet” items and contingent liabilities.

10. 
I can explain when to recommend the use of external resources to investigate any significant issues or “red flags” that may arise or to validate the company's financial policies, plans, controls, and procedures where material weaknesses persist.

11. 
I understand the role and objectives of the internal and external auditors.

12. 
I can review the reports of the auditors and understand the implications of any adverse findings.

13. 
I take part in the discussions and debates on audit reports.

14. 
I contribute towards building suitable policies for future non-occurrence of any adverse events or comments.

15. 
I comprehend the duties and obligations of the Board's audit committee.

16. 
I understand the regulatory environment, policy development, and the policies required to meet legal, regulatory and governance requirements.

17. 
I understand the responsibilities of a compliance officer and the necessary actions to take in the event of non-compliance.

18. 
I am aware of the various Acts pertaining to the operations of the company. I can analyze the impact of any variance or non-compliance reported on the operations and legal consequences.

19. 
I understand the workings of the various Board committees under the Companies Act and the roles and responsibilities of the Committee Members.

20. 
I am aware of the individual regulatory requirements by the board members pertaining to various corporate laws, especially the Companies Act and related party transactions.

21. 
I am aware of the role of a leader and can explain leadership behaviour.

22. 
I encourage debate and diverse opinions and mediate discussions and deliberations to reach a consensus.

23. 
I am aware of my responsibility to create more leadership and develop the leadership pipeline.

24. 
I understand that the organisational culture starts from the top and it is the responsibility of a board member to be a role model and develop a positive organisational culture.

25. 
I follow and promote the importance of continuous learning and director development.

26. 
I am aware of and can describe the strategic planning process.

27. 
I participate in strategic planning discussions (pre-planning analysis and planning sessions) and ongoing discussions on the success of the plan.

28. 
I can explain how strategic plans and initiatives are evaluated and actions required to address strategic and operational inconsistencies.

29. 
I understand the company’s Vision, Mission, Strategies and Goals.

30. 
I can explain the relationship between a strategic plan, business plan, budgets and OKRs (Objectives and Key Results)

31. 
I can clarify the board's responsibility in overseeing risk management and how they monitor and manage risks.

32. 
I am knowledgeable about the different risks related to the company and understand enterprise risk management.

33. 
I am familiar with the approaches used to establish risk appetite and risk tolerance.

34. 
I can describe how risks can be managed and how they contribute to risk management strategies and policies.

35. 
I am aware of the potential long-term opportunities in the industry and the company and how to develop them.

36. 
I understand the elements and components of ESG and its linkages with sustainability.

37. 
I understand the landscape and the expectations of the stakeholders and can explain the ESG risks and opportunities.

38. 
I can frame critical questions to be addressed during a discussion on ESG Goals.

39. 
I understand the impact of the company’s products and operations on ESG issues.

40. 
I am aware of how ESG performance is measured, ensure regular ESG assessment and formulate an ESG growth plan. comprehend the duties and obligations of the Board's audit committee.

41. 
I can identify the various stakeholders and am aware of the expectations of the different stakeholders.

42. 
I can categorise the expectations as those which are legal and those which are guided by best practices and accordingly set and align the expectations.

43. 
I can develop a stakeholder engagement plan to ensure that all stakeholders are satisfied. I am a willing and effective representative of and advocate for this organization in my dealings with external parties/constituents.

44. 
I am aware of the feedback loop from various stakeholders and the importance of the appropriate reactions and pro-actions. I ensure that communication channels are always open and have a method of regular checks.

45. 
I can identify a crisis, ensure that it is contained and develop proper public messaging through various media channels if required

46. 
I carefully read through, and reflect upon, agenda materials prior to board meetings and come prepared to engage in discussions/deliberations. I arrive at board meetings on time and do not leave early.

47. 
I ask questions to test/challenge the validity of premises, assumptions, estimates, and predictions underlying the recommendations/proposals coming before the board. I ask questions and request clarification when I don’t understand an issue.

48. 
I actively participate in board meetings, sharing my ideas, expertise, experiences, opinions, and perspectives. I communicate my ideas clearly, precisely, and effectively.

49. 
I listen to, and carefully consider, the views of other directors (even when disagreeing with them). I am willing to change my opinion (even strongly held ones) when presented with convincing counterarguments and facts.

50. 
I am comfortable expressing a dissenting opinion and voting “no” when necessary. I support board policies, decisions, and actions; even those with which I disagree and/or voted against.

51. 
I understand the relationship between the role of a CEO and the Board.

52. 
I am aware of the board's processes and procedures. I come prepared for the board meeting and contribute to the board discussion.

53. 
I can assess board performance, identify gaps, and describe the ways in which the board can improve its performance.

54. 
I can explain and influence the need for critical metrics for the company for board review.

55. 
I work towards building a cohesive board and contribute positively towards resolving conflicts in the board rooms to arrive at a consensus.

56. 
I have a professional attitude towards promoting performance and meritocracy.

57. 
2. I enjoy serving on board. My presence and participation add value to the board.

58. 
I understand that the directors set the tone of the governance and are the role models for ethical standards in the company.

59. 
I am competent/comfortable dealing with issues coming before the board regarding this organization’s challenges.

60. 
I devote the necessary time and energy to fulfilling my commitments as a director on this board.

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Email
Mobile - Optional

Leadership Quotient (LQ) – MentorMyBoard

Welcome to your Leadership Quotient (LQ) - MentorMyBoard

 

Leadership Test for Individuals

How good are your leadership skills?

Welcome to the Leadership Quotient an assessment tool to measure Leadership Effectiveness.

The Leadership Quotient covers 30 areas of  Managerial & Leadership qualities required for Business Acumen to manage organisations.

Against every statement, rate each accordingly to this scale

      1. Not at all     2.Rarely     3. Sometimes     4. Often     5. Very often

Please answer the questions as you actually are (rather than how you think you should be).

Work quickly- go with your first reflex response!’

 

TAKE YOUR FIRST STEP TOWARDS

EFFECTIVE LEADERSHIP

* LQ  Logo and related Titles, Characters and Trademarks are reserved for use by Sankara Ramnath or U2K Consulting LLP or its Licensors.*

 

1. 
I can influence and motivate others to follow my directions

2. 
I am confident in my ability to manage the expectation of all Stakeholders, including my boss and superiors

3. 
I have a model for building a credible Strategic plan

4. 
I have a process of creating measurable goals

5. 
I understand how and when to effectively delegate a function

6. 
I can breakdown complex functions into measurable tasks

7. 
I can build collaborative teams

8. 
I am confident in facilitating career development plans

9. 
I have a conflict resoloution model at my disposal when needed

10. 
I know how to structure and have a difficult conversation

11. 
I have a effective problem solving model for finding the most likely root cause and solutions

12. 
I understand how to use Benchmarks and Key Performance Indicators (KPI) to achieve operational Objectives

13. 
I am physically fit and can manage my personal stress

14. 
I can run an effective and productive meeting

15. 
I use best practices when delivering performance reviews

16. 
I have a proven decision making model.

17. 
I understand the role of critical thinking in mangement

18. 
While assigning tasks , I consider people's skill and interest,

19. 
I have confidence in my ability to succeed.

20. 
I am good at executing action plans to achieve desired goals and results

21. 
I take criticism as an area for improvement.

22. 
I am optimistic about life and I can see beyond temporary setbacks and problems

23. 
I am highly motivated because I know I have what it takes to be successful

24. 
When someone is upset, I can understand how he or she is feeling

25. 
I enjoy Planning for the future

26. 
When working with a team , I encourage everyone to work towards the same overall objectives and achieve top results

27. 
I make time to learn what people need from me, so that they can be succesful.

28. 
I think teams perform the best, when they learn new skills and challenge themselves instead of keeping doing the same tasks.

29. 
I am prepared to take on the responsibiliites of the next level, as I believe I have the knowledge, skill and experience for the role.

30. 
I work towards improving my circle of influence and network

Name
Email
Mobile - Optional

Master Business Health Quotient (MBHQ) – MentorMyBoard

Welcome to your Master Business Health Quotient (MBHQ) - MentorMyBoard

 

Welcome to the Master Business Health Quotient an assessment tool to measure Business Health.

The Master Business Health Quotient covers 30 areas of Business to identify your business strengths and areas for improvement.

You can accordingly fine tune or strengthen your business process and structure, to improve your operations and sustain your business. This can help you increase your revenue and reduce your costs.

Given below are 30 statements and a rating scale against each statement . Please rate the statements based on actual facts ( Quantitative Assessment) and after deep thought  (Qualitative Assessment)

Note: It is mandatory to rate every statement

 

 

TAKE YOUR FIRST STEP TOWARDS

HEALTHY BUSINESS

* MBHQ  Logo and related Titles, Characters and Trademarks are reserved for use by Sankara Ramnath or U2K Consulting LLP or its Licensors.*

 

 

1. 
You have a Vision, Mission, Strategy statement that clearly outlines your organisational aspirations

2. 
You have clearly defined the Values and the Behaviours, which are demonstrated in your work place

3. 
You have a clear understanding of the current Economic, Business Climate and Environment , affecting you and other stakeholders

4. 
You are up-to-date with the current and future Technological Developments affecting your business

5. 
You are knowledgeable about your Key Competitors, their work, organisation and financial status

6. 
You are up-to-date with changes in Legislation, and amend your policies and work accordingly.

7. 
You have a good understanding of your existing and potentials Markets and Customers

8. 
You have a well developed system of Communication with your customers, employees and other stakeholders and influencers.

9. 
You have established process of gathering Feedback from your customers, employees, and other stake holders and incorporating them in your work

10. 
You have a system of Risk Analysis for your business and able to take informed risks and monitor their impact, taking action when necessary

11. 
You have a clearly defined approved Business plan In line with your Vision, Mission and Strategy

12. 
Your Income Sources are reliable and those at risks are identified

13. 
You have an established system for Cost Monitoring, Cost Control, and Cost Reduction

14. 
You have a reliable and timely Management Information System (MIS), which covers all aspects of business

15. 
You have a Performance Management System (PMS) in place for all your human resources

16. 
Your Organisation Structure is adequate to enable you to achieve your business plans

17. 
Your Management and Staff work together effectively and there is good Teamwork to deliver your Vision and Business Plans

18. 
You have Human Resource Policies and Practices in place to ensure that your employees are motivated.

19. 
You have the right number, quality and mix of Human Resources and their roles and responsibilities are properly defined and aligned to your Vision and Business Plans

20. 
Your Processes and Systems enable you to operate effectively and efficiently

21. 
You have a Safety, Health and Environment (SHE) Policy in place and is effectively implemented

22. 
Your Location/Facilities are appropriate for your vision

23. 
You have been able to create a Trusted Brand for your products, service and people

24. 
You have a Quality Policy and System in place and effectively implemented

25. 
You have a Capital Budget, Working Capital Budget and Cash Budget in place and you regularly monitor the budget with actual and take necessary action.

26. 
You have no Overdue Collections from Customers, no overdue payments to Lenders and Suppliers and your Inventory is within limits or benchmark

27. 
All your Assets are generating income and there are no Idle Assets

28. 
You and your staff are constantly researching, learning, innovating and generating ideas for new and improved products, services, processes and opportunities in a systematic way

29. 
You earned more than last year in terms of Sales, EBIDTA, and Cash

30. 
You have a Leadership Pipeline to take care of any succession issues at all important levels

Name
Email
Mobile - Optional

GAT


Name
Email
Mobile
Are you a Student / Employee / Entrepreneur?
If you are a Student, Name of the College
If you are a Student, Stream
If you are an Employee, Company Name
If you are an Employee, Designation
If you are an Entrepreneur, Company Name
If you are an Entrepreneur, Type of Business

General Ability Test 1

Welcome to the General Ability Test.

The General Ability Test is a tool to measure General Ability on 3 dimensions.

The General Ability Test throws light on your current Logical Ability, Numerical Ability and English Language Knowledge.

Not all abilities are essential for each career. For some careers, one attribute would be the most important factor and the other two could be less important, while for other professions two or all the three may be important.

So, when you choose your Career, you must consider your abilities. Choose a career which uses your highest ability.

If you feel strongly about a Career, but lack in terms of ability for that career, please remember that ability is something which can be gained by

1. Acquiring knowledge,
2. Gaining experience and
3. Practice and sharpening the skill.

Take the General Ability Test  now !

There are 75 questions with multiple choice answers.

Please answer ALL the questions.

Go ahead and take the test !


Name
Email
Mobile
If you are a Student, Name of the College
If you are a Student, Stream
Your Immediate Career Plan after Graduation? 1. If Further education in which degree 2. If Job in which Industry 3. If Entrepreneurship in which business
Where do you see Yourself in next 10 Years? 1. If Employment your designation 2. If Entrepreneur your Profit Target
Are you a Member of Rotaract Club? Answer in Yes or No.
If yes mention the name of the Rotaract Club and if no just write no.

Career Aptitude Assessment 1

Welcome to the Career Aptitude Assessment

The Career Aptitude Assessment helps you know your interests and natural ability. This Career Aptitude Assessment is based on Holland’s Code. It was first developed by Dr. John Holland in 1971 based on extensive research about how people choose careers.

This Career Aptitude Assessment helps you learn
about yourself and your educational and life/career choices. It measures the degree to which you “like” activities of various kinds.

The assessments indicates your interest and likelihood of enjoying the kind of activities described in the respective domain.

When we do things we like, we tend to invest greater effort and time in mastering it. When our professions are chosen based on our likes, we tend to feel happy and satisfied, rather than disinterested and stressed.

Take the Career Aptitude Assessment now !

There are 60 statements, which you have to rate based on your liking.

Dislike-  I don't like doing this

Neutral- I neither like nor dislike doing this

Like- I like doing this and I want to do this more often

Go ahead and start the Assessment ! Remember rate ALL the statements!


Name
Email
Mobile
If you are Student, Name of the College
If you are Student, Stream
Your Immediate Career Plan after Graduation? 1. If Further education in which degree 2. If Job in which Industry 3. If Entrepreneurship in which business
Where do you see Yourself in next 10 Years? 1. If Employment your designation 2. If Entrepreneur your Profit Target
Are you a Member of Rotaract Club? Answer in Yes or No.
If yes write the name of the Rotaract Club and If no, just write no.

Career Aptitude Assessment


Name
Email
Mobile
If you are Student / Employee / Entrepreneur
If you are Student, Name of the College
If you are Student, Stream
If you are an Employee, Company Name
If you are an Employee, Designation
If you are an Entrepreneur, Company Name
If you are an Entrepreneur, Business T ype

Psychometric Reasoning