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Performance assessments have long been a standard talent management tool. They can help promote accountability, encourage development and confirm that companies have the skills and experience needed to support the company’s strategy. From the CEO down, everyone undergoes an assessment process.
Assessing an individual director’s performance offers an opportunity for nuanced, ongoing feedback. Appraising individual directors can also ultimately improve individual and collective board performance. And these assessments can be used to help the board identify skill gaps and improve group dynamics as well as accelerate necessary changes in overall board composition.
Every board would likely benefit from periodic refreshment to energize it with fresh perspectives as well as shift emphasis and experience to keep pace with the rapidly changing business landscape.
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