... An accurate board evaluation process can identify issues and enact reforms to improve performance. The board should agree in advance to the following: ■Purpose of the evaluation ■Designated board member or committee to oversee the evaluation ■Senior management is included in the process ■Performance measures ■Post-evaluation review to identify issues and adopt changes which may be required
Directors need to agree to the purpose of the evaluation. This may be obvious but there should be a shared commitment to the scope and purpose of the evaluation. This should include how the evaluation is conducted (e.g. questionnaire or individual interviews) and whether the evaluation extends to individual director assessments.
The board should also agree in advance on the subjects to be examined. The subjects can include information flow, communications issues, the effectiveness of individual committees, the relationship of the board to senior management, and board agendas. ...CONT /-
... An accurate board evaluation process can identify issues and enact reforms to improve performance. The board should agree in advance to the following:
ReplyDelete■Purpose of the evaluation
■Designated board member or committee to oversee the evaluation
■Senior management is included in the process
■Performance measures
■Post-evaluation review to identify issues and adopt changes which may be required
Directors need to agree to the purpose of the evaluation. This may be obvious but there should be a shared commitment to the scope and purpose of the evaluation. This should include how the evaluation is conducted (e.g. questionnaire or individual interviews) and whether the evaluation extends to individual director assessments.
The board should also agree in advance on the subjects to be examined. The subjects can include information flow, communications issues, the effectiveness of individual committees, the relationship of the board to senior management, and board agendas.
...CONT /-