The Board Room Review
The board room evaluation is an essential part of the overall board assessment process. It allows the board to discern its strengths and weaknesses, and ensures that it’s on track to reach its goals and goals. A regular review of the board will aid every business in avoiding missing out on opportunities and risks. It’s also a great way to improve the effectiveness and performance of the board. A board review can be conducted in many ways. It can be a periodic internal evaluation using a well developed board survey such as the world class, low-cost benchmarked surveys offered by Board Surveys or a more unique independent external assessment.
The board can also utilize the time to come up with and discuss plans for improvement. It is essential to have a facilitator that will guide the discussion without any bias. It’s always beneficial to have someone familiar with the issues faced by top-performing boards.
A boardroom review can also reveal problems with top management’s working culture and work practices. This is where it can be particularly challenging to implement change. In the contemporary business world the image of the remote and forbidding director is no more relevant.
