Webinar: Webinar: Best Practices for Board Evaluations
Annual board self-evaluations have long been considered a best practice, with the idea that measuring board performance leads to continuous improvement in governance. But according to PwC’s annual directors’ survey, more than half of boards make no changes based on board evaluation results. Meanwhile, 35% of directors said at least one director should be removed from the board, for reasons including “arriving unprepared to meetings,” or incompetence in the role. A disconnect exists between what we want board evaluations to achieve, and what they actually do.
Join us for this session to explore the reasons why board evaluations often fail to actually improve board performance. We’ll discuss issues such as:
• Common flaws in board evaluation requirements issued by regulators
• Why fixing the process isn’t as simple as finding a better questionnaire
• How most board evaluation processes impede change
We’ll provide simple strategies and tools that can help evolve your board’s evaluation process from a “check the box” exercise, to an engine for creating continuous improvement.
“When looking for a board portal we reviewed several in the industry. BoardEffect met our functionality requirements equal to each of their competitors. Based on the function and price comparison BoardEffect was easily seen as the best solution. We have been pleased with our implementation and our ongoing support by BoardEffect. BoardEffect has a wide install base that gives them the experience to guide implementation decisions for best practice with their portal.”
Joyce Miller Evans
Vice President, Chief Information Officer, Ohio Presbyterian Retirement Services