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Article: Turbocharging your board assessment: have your performance evaluation initiatives run out of gas? Here is what some of the best boards are doing to rev up the value of this exercise.(DIRECTOR EVALUATION)
- Article from:
- Directors & Boards
- Article date:
- September 22, 2007
- Author:
CopyrightCOPYRIGHT 2007 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOARD ASSESSMENTS are mandatory at all NYSE-listed companies. And many other organizations--even private companies and not-for-profit organizations--have also adopted this "best practice" of conducting an annual review of the performance of the board and its committees.
Everybody's doing it.
Problem is, most of the time this annual review consists of nothing more than a "box-ticking" exercise that may have been interesting and even effective the first year or two that the board adopted it. But now, the annual survey has run out of gas and is having only marginal impact in terms of generating useful ideas to genuinely enhance the board's effectiveness.
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