It’s important that the board conducts an effective director review. The process should not only be timely and transparent, but it should assist the board understand what its strengths and weaknesses are in order that it can improve its performance and, consequently, that of the business.

It isn’t always easy to evaluate the performance of directors individually. A director’s contributions to the board can greatly impact others, especially when the Chair is involved, and it’s difficult to gauge the performance of a particular board with other boards. Variations in the strategy, lifecycles of companies and director refreshment policies can make comparisons difficult.

The manner in which a director board review is conducted can affect the credibility of the feedback. Some reviews are informal, like asking other directors to share their views While others are structured, involving interviews with fellow directors, CEOs, SIDs chairpersons of committees, and the Company Secretary. The review may also include comments made by a chairman during board meetings, such as the level of participation in the meeting, the sharing of information, and the sharing of discussions.

It is often advantageous to hire an experienced facilitator outside to conduct these reviews. Their neutrality can bring additional rigor and objectiveness to this process. The key is to start the process by defining the goals of the review and defining its scope. The next step is to create the plan to evaluate the board and gather information from stakeholders. This may https://www.directorboard.info/ involve questionnaire distribution, interviews, document reviews, and/or the use of board meeting management software to streamline data collection.