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Answer the questions below to the best of your ability.
(interactive online assessment coming soon!)
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The TASSE Score measures the Due Diligence of a Board on several relevant topics based on frequency of discussion in meetings.
The higher the frequency, the greater the chance that a Board has awareness and appreciates the seriousness of these elements.
A lower frequency suggests there may be areas for improvement and greater attention.
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On each of these topic areas, identify how frequently each topic is discussed thoroughly in your Board meetings.
They can be discussed as stand-alone topics or as part of existing situations.
These topics can also be discussed through a Board’s committee, such as the ethics and governance, risk management or audit committee.
Conversations on these topics may also include an understanding of the legal, financial, and reputational risks associated with a Board's "Duty to Prevent".
The TASSE Score can help identify any shortcomings and therefore prevent costly ''Failure to Prevent'' mistakes by ensuring the Board is taking the appropriate steps to succeed.
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Technological Threats
Technological threats involve a wide range of cyber threats, from cyberattacks and data breaches to ransomware, the release of corporate information online, and technological sabotage. In addition, organizations must be prepared to address Deep Fake technologies, Deep Voice, and Fake News, as these can all present unique challenges.
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How often is this topic discussed in Board Meetings?
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Never (0 Points)
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Annually (5 Points)
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Semi-Annually (10 Points)
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Quarterly (15 Points)
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Every Meeting (20 Points)
Accountability Anxiety
Exploring ways to overcome the fear of failure and encouraging decision-making is an important topic of discussion. Additionally, strategies to measure success should be discussed in order to provide individuals with the confidence to move forward.
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How often is this topic discussed in Board Meetings?
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Never (0 Points)
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Annually (5 Points)
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Semi-Annually (10 Points)
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Quarterly (15 Points)
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Every Meeting (20 Points)
Strategic Plan
The Board should go beyond discussing progress towards annual targets when discussing the strategic plan. It is important to focus on long-term efforts to achieve the strategy, as well as examining options for flexibility in order to reduce risks.
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How often is this topic discussed in Board Meetings?
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Never (0 Points)
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Annually (5 Points)
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Semi-Annually (10 Points)
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Quarterly (15 Points)
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Every Meeting (20 Points)
Social Responsibility
Any discussion about Social Responsibility pertains to numerous moral and ethical commitments that organizations have to society, the environment, and stakeholders. The most commonly accepted and recognized frameworks for social responsibility are Environmental, Social, and Governance (ESG), Corporate Social Responsibility (CSR), and Diversity, Equity, and Inclusion (DEI).
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How often is this topic discussed in Board Meetings?
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Never (0 Points)
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Annually (5 Points)
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Semi-Annually (10 Points)
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Quarterly (15 Points)
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Every Meeting (20 Points)
Ethical Dilemmas
Adhering to Ethical Standards reinforces the organization's commitment to cultivating an ethical environment in the workplace. This not only helps protect the organization from potential legal, financial and reputational risks, but also benefits its reputation and promotes employee morale.
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How often is this topic discussed in Board Meetings?
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Never (0 Points)
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Annually (5 Points)
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Semi-Annually (10 Points)
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Quarterly (15 Points)
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Every Meeting (20 Points)
Scoring & Analysis
Add up all of the scores. The highest possible score is 100.
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0-20 Your Organization is likely unprepared for a reputational, financial, or legal threat
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21-40 Your Organization is likely somewhat prepared, but serious gaps are likely present
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41-60 Your Organization has gaps to address, but overall is reasonably prepared
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61-80 Your Organization is likely well-insulated from many threats
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81-100 Your Organization is proactive and is likely quite-well prepared