Board evaluations and effectiveness reviews
The board, its composition and evaluation of performance is central to corporate governance. Increased scrutiny has recently focussed on the activities of the board and its committees particularly post the banking crisis and experience shows that a successful board is not guaranteed by just bringing together successful people.
All boards, and their committees, can benefit from evaluations: in particular subsidiary boards are often training grounds for listed company boards and getting into good governance practices at subsidiary level can pay dividends later on.
Board evaluations can bring tremendous benefits and a properly conducted evaluation can contribute significantly to performance improvements on three levels: organisational; board and individual member level.