During board meetings, major decisions are made that affect everybody from the employees of the company to the investors who own the shares, and possibly the economy as a whole. It is crucial that the board has the best combination of abilities and knowledge to make these important decisions. Regularly-scheduled evaluations can help ensure this.

A boardroom review is an exercise that enables a table to assess its performance in a thorough manner. The https://www.boardroombook.com/guide-to-board-succession-planning/ evaluation helps table members recognize the advantages and disadvantages in their leadership connections and culture that could influence both practical and social changes. It also helps ensure that those who pay for table membership have the tools to do their job effectively.

The presence of a knowledgeable, independent facilitator can ensure that the process is carried out effectively and with confidence. This is especially crucial if the evaluation is being performed by a committee or sub-committee. The process could include reviews or interviews, and can be done in person or via video conference. Board evaluations can also be an occasion to introduce a new method of operation, such as the importance of diversity and wellbeing of employees. They can also be an opportunity to shift the focus from operational issues to strategic ones.