The fifth of a board’s five obligations is to monitor, critique and improve its effectiveness. When this may be the most challenging on the five, it is one of the most essential. Boards that regularly self-evaluate make a strong statement that they have their responsibility seriously. Outsiders, including rating agencies and attorneys standard, Corporate Communications Policy view a board’s commitment to regularly executing an objective self-evaluation as a main factor in good governance.
Board self-assessments are a essential tool in helping boards develop, hone and implement procedures that lead to healthful, vibrant and effective governance. That they serve a vital role in ensuring that directors happen to be fulfilling their particular fiduciary duties and drama in the company’s best interest.
A well-designed and conducted panel self-assessment gives a road map to improved governance for all affiliates. It helps panels understand their particular strengths and weaknesses, and just how those impact the board’s ability to provide the organization. In addition, it allows boards to address various governance challenges including building a various board, strengthening the board-management staff relationship, dealing with sustainability concerns and boosting oversight.
The Center has been providing a simple, straightforward and affordable board self-assessment tool to nonprofit boards and their members since 2009. We send the questionnaire in electronic format, track contribution, tabulate outcomes and deliver them to you in an straightforward format. MANP and Rob Wahlstrom, of Starboard Leadership Consulting, worked with to design the assessment, that can be used by numerous nonprofit boards and thousands of panel individuals.