Insights from Nasdaq Governance Solutions
5 Keys to Powering Governance Excellence with Board Evaluations
A strategically designed board evaluation process can foster board effectiveness.
Board evaluations are used to assess and report on individual director and group performance. Analysis of results showcase strengths and highlight gaps in performance, which may ultimately help promote deeper board engagement and encourage directors to utilize their unique perspectives to enhance board performance. Board evaluations also show management, employees, and investors that directors care about the performance of the organization and its stakeholders.
Having a third-party facilitator, like Nasdaq Governance Solutions’ Board Advisory team, with experience in board evaluations and governance best practices can help ensure customized—and streamlined—design and facilitation. Effective third-party facilitators are also skilled in fostering candid and productive discussions.
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Board evaluations are used to assess and report on individual director and group performance. Analysis of results showcase strengths and highlight gaps in performance, which may ultimately help promote deeper board engagement and encourage directors to utilize their unique perspectives to enhance board performance. Board evaluations also show management, employees, and investors that directors care about the performance of the organization and its stakeholders.
Having a third-party facilitator, like Nasdaq Governance Solutions’ Board Advisory team, with experience in board evaluations and governance best practices can help ensure customized—and streamlined—design and facilitation. Effective third-party facilitators are also skilled in fostering candid and productive discussions.
Learn more about the elements of a well-designed board evaluation process and how a third party can help. Download the guide →
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Why Partner with a Third Party for Board Evaluations?
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Ensure Anonymity
The evaluation process should be structured to encourage candor. Having a third-party partner handle the end-to-end evaluation process provides directors with the ability to be frank, because anonymity is built into every phase, from feedback collection through reporting and results discussion.
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Add Depth to Responses
Evaluations are useful if they provide actionable insights. The Board Engagement team strategically designs questions for the written evaluation that cultivate director-level thinking on relevant governance topics. This feedback can inform follow-up interviews, which add more depth to the process.
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Visualize a Path Forward
Evaluation data and feedback should not only be anonymized, but they should also be clear and digestible. Informative infographics, qualitative and quantitative analyses, and year-over-year comparative data drive understanding and promote an actionable process.
Nasdaq Governance Solutions
Go beyond the boardroom and explore Nasdaq’s full suite of corporate governance solutions.
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Streamline meeting management, collaboration, and decision-making processes for boards, committees, and leadership teams.
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Identify opportunities for improvement, promote alignment between the board and management, and turn director feedback into strategic action.
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Identify opportunities for improvement, promote alignment between the board and management, and turn director feedback into strategic action.
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Digitally collect information from directors and officers to help ensure accuracy in disclosures, simplify compliance efforts, and manage potential risks.
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Digitally collect information from directors and officers to help ensure accuracy in disclosures, simplify compliance efforts, and manage potential risks.
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Simplify the process of environmental, social, and governance (ESG) data capture, engagement, oversight, and disclosure.
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