In board meetings, important decisions are made that affect everyone from the company’s employees to the investors who own its shares, and perhaps the entire economy. For this reason, it’s important that the panel is competent to make these critical decisions with the most effective combination of knowledge and expertise. Regularly-scheduled evaluations help to make sure that this is the case.

A boardroom review is a method that allows a table to evaluate its performance in an comprehensive manner. The evaluation allows table https://www.boardroombook.com/guide-to-board-succession-planning/ members to recognize aspects of longevity and weaknesses in their leadership relationships and the culture that can affect both practical and social changes. It also helps ensure that those who pay for table memberships have the tools to do their job effectively.

A competent independent facilitator will ensure that the process runs without a hitch and is confidential. This is especially important if the evaluation is performed by a committee or sub-committee. The process may include reviews or interviews, and can take place in person or via videoconference. Board evaluations can also be a great way to introduce new ways of working for example, focusing on diversity and employee wellbeing. It could also be an opportunity to shift the focus from operational issues to strategic ones.