During board meetings major decisions are taken that can be detrimental to everyone from the employees of the company to shareholders who own its boardroombook.com/what-is-a-do-questionnaire/ shares as well as the economy. It is therefore crucial that the board has the most effective combination of capabilities and experience to make these important decisions. Regularly-scheduled evaluations help to make sure that this is the case.
A boardroom review is a method that enables a table to assess its performance in a comprehensive manner. The review allows table members to recognize aspects of longevity and weaknesses in their leadership connections and culture that could influence both practical as well as social changes. It also helps ensure that those who pay for table membership have the right tools to complete their job effectively.
A competent independent facilitator will ensure that the process is conducted smoothly and without any ambiguity. This is especially crucial if the evaluation is carried out by a committee or sub-committee. The process can include reviews or interviews, and can be done in person or via video conference. Board evaluations can also provide an occasion to introduce a new method of working, for example, the importance of diversity and wellbeing of employees. Also, it could be an opportunity to shift the focus from operational issues to strategic issues.