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How to Facilitate a Board Self-Assessment

Board Self-Assessment is a critical element of the board's responsibility for assessing and improving its own performance. Boards are often tasked with evaluating their own work to ensure that they align their board's capabilities and expertise with company strategies and to meet the expectations of investors for diversity. Additionally boards should carry out a comprehensive evaluation at least every two years.

The process of conducting a self-assessment with the board can be daunting. It could be a challenge to get board members to devote time to this process as many have not done this before. Many boards struggle to find a balance between their duties and their board's duties.

To ease the process to ease the process, it's an ideal idea to work with an expert in board governance who can facilitate the entire process from start to finish. The consultant will create a survey for the board, distribute it, and gather feedback on a regular basis. They will also review the data and decide on the most relevant information and present them to the board for discussion.

The board should utilize the results to clarify its own expectations. This will help reduce confusion about the role of a board member as well as how they are expected to fulfill their tasks. This assessment can also help identify areas where more training is required. It could also help clarify expectations for directors in their personal life, which is important for those who are full-time workers.

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