How to Conduct a Director Board Review

It’s important that the board conducts a thorough director review. The process should be transparent and prompt, but also help the board understand its strengths and weaknesses so that it can improve the performance of the company.

Assessing the performance of directors isn’t easy. The chair’s performance on the board has a huge impact on other directors. It’s also difficult to compare boards due different strategies and company cycles as well as director refreshment policy.

The manner in which a director’s board review is conducted can influence the honesty of the feedback. Some reviews are informal – simply canvassing the opinions of other directors, whereas others are more formal like interviews with fellow directors, the SID the CEO, the committee chairs and the Company Secretary. The review may also include observations made by the Chairman during board meetings, focusing on aspects like the degree of inclusion, information sharing, and discussion sharing.

It is usually advantageous to hire an experienced facilitator external to conduct these reviews. Their neutrality can add extra rigor and objectivity to the process. The key is to start the process by defining the objectives for the review and defining its scope. Once that’s accomplished, the next step is to formulate the plan to assess the board and get input from all stakeholders. This could involve distribution of questionnaires or interviews, document reviews https://www.directorboard.info/4-hints-for-identifying-customer-needs-quickly-and-effectively/ and/or the use of board meeting management software to streamline data collection.