What is a Boardroom Review?
During board meetings major decisions are made that could affect everyone, from employees of the company to the shareholders who own the shares and even the economic system. It is therefore crucial that the board has the best combination of skills and experience to make these important decisions. Regular evaluations can help ensure this.
A boardroom review is a procedure which allows a table examine its performance in a thorough way. The evaluation allows table members to identify the advantages and disadvantages in their leadership connections and culture that could influence both practical and social changes. It also assists in ensuring that those who pay for table memberships are able to effectively perform their job.
Employing a competent independent facilitator can ensure that the process is conducted efficiently and confidentially. This is particularly crucial if an evaluation is being carried out by a subcommittee or committee. The process may include reviews or interviews, and can be done in person or via video conference. Board evaluations can also be an excellent opportunity to introduce new ways of working that place a greater emphasis on diversity and wellbeing of employees. Also, it could be a chance to shift the focus away from operational issues to strategic ones.