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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