What are some key strategies for effective board evaluation practices?
Our research shows that one of the best strategies to enhance your board's functionality and ability to learn is through an effective evaluation process. Board directors benefit and grow from regular, formal evaluations. Some examples include annual effectiveness surveys, formal reviews of the chair, feedback from management, and even dedicated sessions during board meetings to assess what is working and ways to improve meetings. These processes ensure that boards are learning, growing, and identifying opportunities for improved effectiveness.