Board and committee assessments are a critical part of driving continuous improvement in board performance. A well-executed assessment can help provide real insights into how a board operates and how directors work with one another. It will include both quantitative and qualitative aspects. And it leads to actionable takeaways that can make a real difference. Too often though, board assessments are considered a compliance exercise that adds little value.
We lay out the leading practices and discuss how are boards using assessments to become more efficient, evaluate gaps in board composition and improve their oversight of management.