- Thursday, December 7 at -
The fifth of a board’s five tasks is to screen, critique and improve its own effectiveness. While this may be one of the most challenging of your five, it truly is one of the most crucial. Boards that regularly self-evaluate make a solid statement Corporate Communications Policy that they consider their responsibility seriously. Outsiders, including rating agencies and attorneys basic, view a board’s commitment to regularly conducting an objective self-evaluation as a key factor in very good governance.
Plank self-assessments are a significant tool in assisting boards develop, hone and implement routines that lead to healthy and balanced, vibrant and effective governance. That they serve a vital role in ensuring that directors are fulfilling all their fiduciary duties and working in the company’s best interest.
A well-designed and conducted panel self-assessment offers a road map to improved governance for all customers. It helps planks understand their strengths and weaknesses, and just how those impression the board’s ability to serve the organization. It also allows boards to address a number of governance challenges such as building a various board, strengthening the board-management staff relationship, dealing with sustainability concerns and improving oversight.
The middle has been offering a simple, straightforward and cost-effective board self-assessment tool to nonprofit planks and their subscribers since 2009. We send the questionnaire in electronic format, track contribution, tabulate effects and deliver them to you in an straightforward format. MANP and Jeff Wahlstrom, of Starboard Management Consulting, collaborated to design the assessment, that can be used by numerous nonprofit boards and thousands of aboard associates.