Self-assessment by the board is an essential practice of leadership that top-performing boards make use of to ensure long-term oversight. It requires the board members to take a look back and honestly evaluate their performance. This allows board members to tackle issues that could otherwise cause frustration and conflict.
There are many ways to conduct a self-assessment for your board that range from interviews and surveys to facilitation-based discussions. The best method depends on the size of the board, available resources and how deep you want to take into the assessment.
If you decide to useful content novalauncherprime.pro/best-data-room-platforms-reviews-and-ratings/ go with the method make sure you know the objectives of the evaluation. For instance, do seek to improve governance, align governance to organizational goals, or enhance accountability? Once you’ve decided you can choose an evaluation tool.
Certain tools let you evaluate your results against other health systems and hospitals while others focus on the governance practices of your company. Whatever you choose, it’s important that any tools used are unbiased and don’t call out specific directors. This will create an environment where honest feedback is possible to be given.
Many boards also use a peer review process that requires board members to assess their fellow directors. This is a productive and beneficial process, but it is vital that the process is confidential. Some directors might be reluctant to criticize a member of the board for fear of negative consequences. In this case it’s generally better to have a facilitator go through all of the responses and decide what insights are relevant to share with the board.