In board meetings, crucial decisions are taken that affect everyone from the employees of the company to the investors who own its shares and potentially even the economy as a whole. It is important that the panel is capable of making these crucial decisions using the best combination of skills and knowledge. Regularly scheduled evaluations can help ensure that this is the situation.
A boardroom review is a method that enables a table to evaluate its performance in a thorough way. The evaluation allows the table members to identify factors of longevity, weaknesses in their leadership connections and culture which could influence both social and practical changes. It also helps ensure that those who pay for table memberships have the tools to do their job well.
A competent independent facilitator will ensure that the process is conducted smoothly and in a secure manner. This is particularly important when the evaluation is performed by a committee or sub-committee. The process may involve reviews or interviews and can be conducted in person or by videoconference. Board reviews are also ideal for introducing new working practices including a focus on diversity and employee wellbeing. Or, it could be an opportunity to shift the focus away from operational issues to strategic ones.
