Evaluation of board effectiveness annually is essential to its performance and, if done well, will surface issues related to management, information flows, meeting organization, strategy, stakeholder value, board structure and processes and identify priorities for the coming year.
I can establish a formal evaluation process for your board and committees that will result in a report identifying issues and actions. An independent approach yields more candid responses.
The report on board effectiveness will provide your board chair and governance and nominating committee with a tool for managing board performance and succession planning. Disclosure in your management proxy circular about the formality of this process will indicate to stakeholders that your organization actively addresses board performance and succession planning issues prior to nominating directors for election at your annual general meeting.