รายละเอียดเพิ่มเติม
It’s important that the board conducts a thorough director review that is effective. The process must be clear and timely as well as assist the board to comprehend its strengths and weaknesses so that it can improve the performance of the business.
It is difficult to gauge the performance of each director. One person’s contributions to the find out board may greatly impact other directors, particularly if the Chair is involved and it’s difficult to know how a specific board compares with other boards. Variations in company lifecycles, strategy and director refreshment policies make it difficult to compare.
The manner in which a director’s board review is conducted could influence the authenticity of the feedback. Some reviews are informal, like asking other directors for their opinion, while others are structured, such as interviews with fellow directors, SIDs, CEOs, committee chairs, and the Company Secretary. The evaluation could also include observations made by the Chairman during board meetings – examining aspects like the degree of inclusion in the board, information sharing, and the sharing of discussions.
It is often beneficial to employ an external facilitator who has experience in conducting these reviews – their neutrality can add rigour and objectivity to the process. The first step is to begin the process by defining the goals for the review and defining the scope. The next step is to design the plan to evaluate the board, and to collect insights from people who are involved. This could include the distribution of questionnaires or interviews, document review or using board meeting management software.
