The board room evaluation is a key element of the overall assessment process. It helps the board understand its strengths, weaknesses and ensures that it’s in line with its objectives and objectives. Conducting a regular review of the board is a must for every organization to ensure that they aren’t overlooking opportunities or risks. It’s also a fantastic instrument to increase the effectiveness and performance of the board. A board review can be conducted in several ways. It could be an internal evaluation conducted regularly with a board survey, such as the world-class, affordable benchmarked surveys offered by Board Surveys, or it could be a completely independent external evaluation.
It could also be a chance for the board to discuss and create actions plans to improve. It is essential to have a facilitator that can steer the discussion without any bias. A facilitator who is familiar with the challenges faced by high-performing boards can be beneficial.
Another issue that can be raised during the boardroom review is identifying and addressing cultural and working practices issues in the top management. This is where it can be particularly difficult to make changes. For instance, the traditional stereotype of the strict and remote director is becoming obsolete in the present business environment.
