The fifth of a board’s five duties is to keep an eye on, critique and improve its effectiveness. Even though this may be the most challenging within the five, it truly is one of the most significant. Boards that regularly self-evaluate make a solid statement that they consider their responsibility seriously. Outsiders, including score agencies and attorneys standard, viewpoint a board’s commitment to regularly performing an objective self-evaluation as a key factor in great governance.
Table self-assessments are a vital tool in helping boards develop, hone and implement tactics that lead to healthier, vibrant and effective governance. They will serve a vital role in making sure directors will be fulfilling all their fiduciary responsibilities and representing in the company’s best interest.
A well-designed and conducted table self-assessment comes with a road map to improved governance for all subscribers. It helps boards understand their particular strengths and weaknesses, and just how those impact the board’s ability to provide the organization. Additionally, it allows panels to address many different governance challenges including building a different board, strengthening the board-management staff relationship, addressing sustainability problems and boosting oversight.
The Center has been providing a simple, straightforward and affordable board self-assessment tool to nonprofit planks and their members since 2009. We send the questionnaire digitally, track participation, tabulate outcomes and deliver them to you in an easy-to-use format. MANP and Shaun Wahlstrom, of Starboard Command Consulting, worked with to design the assessment, which has been used by numerous nonprofit webpage about corporate communications policy importance boards and thousands of plank subscribers.