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7.2.3 Methodology and approach<br />
Planning Analysis Reporting<br />
The team conducted the work stream <strong>review</strong> in three phases: planning, analysis, and <strong>report</strong>ing.<br />
Planning: During the planning phase, the team conducted a <strong>review</strong> of external and internal<br />
documentation to appropriately align the assessment criteria with the organization. To provide a sound<br />
base for the assessment of governance, we looked to leading guidance on public sector governance<br />
and oversight, and developed the following assessment criteria for the work stream:<br />
Assessment criteria<br />
Area of focus<br />
Oversight and<br />
responsibilities<br />
Description of criteria<br />
The extent to which the Board of Trustees has clearly defined and<br />
adequate oversight roles and responsibilities, a clear mandate to carry<br />
out specific oversight functions; and the extent to which it operates<br />
accordingly.<br />
Independence<br />
The extent to which the Board of Trustees has clearly established<br />
independence requirements for its members to manage real and<br />
perceived conflicts of interest; and the extent to which it operates<br />
accordingly.<br />
Skills and knowledge<br />
The extent to which the Board of Trustees has defined the requisite skills,<br />
knowledge, and experience the body must collectively possess to fulfill<br />
their oversight responsibilities; and the extent to which it operates<br />
accordingly.<br />
Sufficient and appropriate<br />
information<br />
The extent to which the Board of Trustees has defined its information<br />
needs and communicated these needs to management; and the extent to<br />
which it operates accordingly.<br />
Performance monitoring<br />
The extent to which the Board of Trustees has in place adequate systems<br />
and practices to monitor the organization’s performance; and the extent<br />
to which it operates accordingly.<br />
Confidential | All Rights Reserved | EY 175