Overview
Too often, board assessments are considered as a compliance exercise that adds little value. However, board and committee assessments are a critical part of driving continuous improvement in board performance. A well-executed assessment can help provide real insights into how a board operates and how directors work with one another. This includes both quantitative and qualitative aspects and will lead to actionable takeaways that can make a real difference.
We lay out the leading practices and discuss how boards use assessments to become more efficient, evaluate gaps in board composition and improve their oversight of management.
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