In this publication, FRP Advisory Restructuring Advisory Partners, Ian Corfield and Phil Armstrong explore the headwinds the leisure sector is facing, and the key factors that leisure businesses will need to keep in mind as they re open their doors.
Board Performance Review
About One Advisory We help UK-listed companies meet and exceed their governance and financial reporting requirements At One Advisory, we believe that effective governance is the cornerstone of long-term corporate success. Since our founding in 2006, we’ve grown into a team of over 40 professionals, supporting more than 115 listed companies each year across every sector of the London market. Our independence and owner- managed structure allow us to offer truly impartial advice, grounded in deep experience and a practical understanding of boardroom dynamics. We don’t just observe governance, we live it. Our team attends over 250 board meetings annually, and we serve as named Company Secretary to 20+ listed companies, giving us a front-row seat to the challenges and opportunities boards face every day.
Board Performance Reviews
Board performance reviews are not just a compliance exercise. They are a strategic tool to help boards reflect, refocus, and realign. Whether you’re preparing for a major corporate event like an IPO or M&A transaction, navigating succession planning, or simply seeking to improve decision- making, a well-executed review can unlock clarity and confidence. In today’s regulatory environment, demonstrating best practice is no longer optional. Reviews help boards meet the expectations of investors, regulators, and stakeholders - while also surfacing opportunities for continuous improvement. Our approach is forward-looking, pragmatic, and tailored to your board’s unique context.
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What are Board Performance Reviews? Board performance reviews are structured evaluations of how effectively a company’s board is fulfilling its responsibilities. They go beyond compliance — offering insights that drive better decision-making, stronger governance, and long-term success.
Why They Matter
Board reviews aren’t just a governance checkbox. They’re a catalyst for stronger leadership, sharper strategy, and deeper trust. By evaluating how the board operates and aligns with its responsibilities, companies reinforce accountability, ensure regulatory alignment, and build confidence with investors and stakeholders.
We offer tailored board review packages to meet the needs of boards at every stage of their governance journey. “
What’s Assessed
A robust board review looks beneath the surface. It explores the composition and dynamics of the board, the effectiveness of its leadership, and the quality of its decision-making. From committee performance to succession planning, each element is examined to ensure the board is fit for purpose, now and into the future.
Board composition and diversity
Decision-making processes
Chair and CEO effectiveness
Culture and dynamics
Committee performance
Succession planning
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Tailored Board Review Packages for Every Stage of Governance
Elevating Board Performance
At One Advisory, we understand that no two boards are alike. Whether you’re a well- established board seeking a light-touch review or navigating a major transition, our tiered packages offer the flexibility and depth you need. Explore the options below to find the right fit for your board’s ambitions and challenges.
Level 2 Level 3 Level 4
Feature
Level 1
Regulatory standards and custom review solutions
Director questionaires
Co Sec only
Co Sec only
Co Sec/SLT questionnaires
Governance structure review
Board report review
Skills mapping
Corporate Governance Code Requirements Understanding the expectations of board performance reviews is essential for maintaining transparency, accountability, and strategic alignment. Both the QCA Corporate Governance Code (2023) and the FRC UK Corporate Governance Code (2024) outline clear principles for how boards should assess their effectiveness, individually and collectively.
Meeting observations
Minutes review
Director interviews
Co Sec interviews
QCA Code (2023) Principle 8: Evaluate board performance with clear objectives and continuous improvement
FRC Code (2024)
Element
SLT interviews
Principle L: Evaluate board and individual performance, composition, and collaboration
Principle
Board presentations
Disclosure drafting
Annual review (internal or external periodically)
Formal annual review; external review every 3 years for FTSE 350
Process
Report and recommendations
Summary of process, last year’s review, outcomes, progress, and any ad hoc reviews
Description of process, external reviewer’s role, outcomes, and impact on composition
Succession planning review
Disclosure
External communications
6-month follow-up
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One Advisory Limited 110 Cannon Street London EC4N 6EU United Kingdom
One Advisory Limited is incorporated in England and Wales with company number 05226417. One Advisory Limited is a registered training provider for the ICAEW.
September 2025
oneadvisory.london
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