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At board meetings, significant decisions are made that affect everyone from the company's employees to the investors who hold its shares, and perhaps the economy in general. It's therefore important that the panel has the right mix of capabilities and experience to make these crucial decisions. Regular evaluations can help make sure this happens.
A boardroom review is a procedure that allows a table to evaluate its performance in an comprehensive manner. The review allows table members to recognize the strengths and weaknesses in their leadership connections and the culture that can affect both practical and social changes. It also helps ensure that those who pay for table membership are equipped to be effective in their work.
A competent independent facilitator will ensure that the process runs smoothly and confidentially. This is especially important if the evaluation is being conducted by a committee or sub-committee. The process can include interviews or reviews and can be conducted in person or by videoconference. Evaluations of the board are an excellent opportunity to introduce new working practices that place a greater emphasis on diversity and employee well-being. Or, it could be a chance to shift the focus away of operational concerns to strategic.