TORONTO, Feb. 17, 2016 /PRNewswire/ - Carol Hansell, founder and senior partner of Hansell LLP, today announced the launch of Hansell Board Evaluations. This offering builds on Hansell LLP's established reputation in the board evaluation field. It will provide expert, independent guidance to boards in identifying opportunities to enhance their effectiveness.
Boards have turned to outside advisors to assist them with the evaluation process for many years. The impact that a skilled expert can have on the quality of an evaluation has led regulators and governments around the world to encourage more boards to adopt this practice. This is reflected globally in the G20/OECD Principles of Corporate Governance, and here in Canada in OSFI's Corporate Governance Guideline. The use of outside advisors as part of the evaluation process for boards of public companies has been mandated in several jurisdictions, including in the United Kingdom.
"The three most important contributions an outside advisor can make in the board evaluation process are expertise, independence, and the ability to protect the sensitive information that surfaces through this process," says Ms. Hansell. "Having worked closely with boards for more than 25 years, served as a director, and participated in board evaluations as an advisor, board member and governance committee chair, I understand the issues of concern for directors. As lawyers, we are able to protect our clients' confidential information and provide legal advice in connection with the challenges faced by corporate boards."
Hansell Board Evaluations provides both standardized and custom approaches to board evaluations. Details on Hansell Board Evaluations can be found on the Hansell LLP website at www.hanselladvisory.com/hansell_board_evaluations.
About Hansell LLP
Hansell LLP was formed in response to a demand for expert, independent, legal and governance counsel. Carol Hansell, the firm's founder, has an internationally recognized reputation in the field. Over the course of more than 25 years in private practice at two of Canada's leading law firms, Ms. Hansell has been at the forefront of public policy and practice developments in the area of corporate governance.
About Carol Hansell
Carol Hansell is an internationally-recognized expert in the field of corporate governance. Ms. Hansell has extensive experience advising on governance guidance and practices to promote continuous improvement by organizations.
Ms. Hansell has served on boards of organizations across a variety of sectors – public companies, Crown corporations, healthcare, not-for-profit, and arts organizations. She currently serves on the boards of Munich Reinsurance Company of Canada, the Global Risk Institute in Financial Services and the International Corporate Governance Network. She has served on the boards of the Bank of Canada, the Public Sector Pension Investment Board, Toronto East General Hospital, the Toronto Symphony Orchestra and SickKids Foundation, among others.
Ms. Hansell was inducted as a Fellow of the Institute of Corporate Directors (ICD) in 2013 and received the Lifetime Achievement Award in Investor Relations in 2015. Ms. Hansell is a Founding Trustee and Fellow of the American College of Governance Counsel. In January 2016, she was appointed by the Province of Ontario to serve for a three year term as the Chair of the Business Law Advisory Council, tasked with the responsibility of recommending changes in corporate and commercial law in Ontario.
In addition to her board service, Ms. Hansell has been involved in governance education and thought leadership throughout her career. Most notably, Ms. Hansell served as the only non‑American Chair of the Corporate Governance Committee of the American Bar Association (Business Law Section) and continues to serve as Special Canadian Advisor to the Corporate Laws Committee of the ABA, and has participated in the education of more than 5,000 directors as an instructor in the ICD-Rotman Directors Education Program offered in Toronto and Vancouver.
For further information:
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SOURCE Hansell LLP