Board Benchmarking in partnership with Insync, provides affordable, validated, world-class, benchmarked director and board effectiveness surveys. Learn more here how your board can go from good to great.
Vision Super’s board improvement journey
Vision Super is an industry super fund that has been around for just over 70 years. To ensure exceptional board performance, Vision Super engaged with Insync in partnership with Board Benchmarking to conduct a review of the performance and effectiveness of its board and directors. Following the review in November of 2018, Vision Super received Insync’s report and recommendations and the board agreed on an improvement plan to lift its performance and effectiveness in recommended areas.
In December of 2020, Vision Super’s board completed Board Benchmarking’s new and improved Board Effectiveness Survey in conjunction with Insync. As a result, Vision Super drastically improved from being benchmarked just above the average of peer financial services boards to one of the most effective in Board Benchmarking’s sizeable database as shown below.
Vision Super Board Effectiveness Survey Benchmark
The six steps to becoming a high performing board
There are six steps that Vision Super’s board took to significantly improve their board effectiveness. Insync recommends that all boards take these same steps to help them ‘move the dial’ through deliberate intent and become a high performing board.
- Get a good measure and a deep understanding of your current performance and effectiveness and the main areas for improvement
- Board unity and sustained commitment to the agreed action plan
- Chair to demonstrate leadership and vulnerability during the change process
- Focus on individual director improvement as well as board improvement
- Regular check-ins to measure the impact of the agreed actions and adapt accordingly
- Never cease the journey of improvement – it’s a journey, not a destination
This case study was prepared in February of 2021 by Insync in association with Board Benchmarking.
Click the image below to download the full Vision Super case study.
“The Director Effectiveness Survey and the reports provided helped identify areas of strength and where each director could improve. This provided a great basis for a discussion I had with each director.”
Nicholas has been a director, business leader and consultant for over 35 years. He is executive chairman of Insync and Board Benchmarking, a former partner of KPMG and a former chairman of Ansvar Insurance, First Samuel and Ambit Group.
Nicholas is passionate about helping boards improve their performance and effectiveness because Better Boards means Better Organisations. He has done in excess of 150 board reviews and is leading the expansion of Board Benchmarking’s global online benchmarked board effectiveness survey business.