The board room review is vital to the overall evaluation process for boards. It assists the board in understanding its strengths and weaknesses, and ensures that it is on track with its goals and objectives. A regular review of the board is a must for every organization to ensure that about his they aren’t overlooking opportunities or risks. It is also a great way to boost the performance and effectiveness of the board. A board review can be conducted in many ways. It can be a periodic internal review using a properly developed board survey such as the affordable world class benchmarked surveys of Board Surveys or a more distinctive independent external assessment.
The board can also use the time to come up with and review action plans for improvement. This is where it’s important to have a facilitator that can facilitate the discussion without bias. It’s usually helpful to have someone who is knowledgeable about the issues faced by top-performing boards.
A review of the boardroom may identify issues with management at the top level’s work culture and practices. It can be difficult to implement change in this situation. In today’s business world, the stereotype of the distant and insular director is no longer true.