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How to Facilitate a Board Self-Assessment

By admin | July 6, 2024

Board Self-Assessment plays a crucial role in the board’s duty to evaluate and improve its performance. In many cases, boards are charged to review their own performance to ensure that they align their board’s expertise and skills with the company’s strategic plan and be able to meet investor expectations for diversity. Boards must also conduct a thorough review at least every two years.

The process of conducting a self-assessment with the board can be daunting. Many board members have not completed one before, and getting them to dedicate time to the process may take some effort. Additionally, many boards struggle to find the ideal balance between the demands of their jobs and their board service.

It is recommended to hire a professional in governance for your board who can help you through the process. The consultant will design an online survey, distribute it and keep track of feedback throughout the process. They will also examine the view website post about availability with board meeting software reviews data and identify the most relevant findings, then bring them back to the board for discussion.

The board should utilize the results to clarify its own expectations. This will eliminate confusion about a board member’s role and how they are expected to fulfill their duties. The assessment can help to identify areas in which more training is required. Finally, it can help set clearer boundaries around the expectations directors are required to adhere to in their personal lives. This could be crucial when working full-time.

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