Board Composition and Skills 1. Do you frequently encourage other board members to express their opinions and build on the ideas of fellow board directors? Do the board agendas appropriately and adequately represent the organization’s strategic plans and priorities? Such issues as the complexity of the performance problem, the size of the board, the stage of organisational life cycle and significant developments in the organisation’s competitive environment will determine the issues the board wishes to evaluate. The key areas of board evaluations are board performance, board director behavior and the board’s relationship with the executive director. Individual director evaluations should include questions about interpersonal and group dynamics. Are you able to support collaborative board decisions that you voted against? ICSA Board Evaluation Review of the UK top 200 companies 2012 www.icsaboardevaluation.co.uk 2 Back to contents Aberdeen Asset Management plc 6 Admiral Group plc 6 Aegis Group plc 7 Afren plc 7 African Barrick Gold 7 Aggreko plc 8 Alliance Trust plc 9 AMEC plc 9 Amlin plc 10 Anglo American plc 10 Antofagasta plc 10 ARM Holdings plc 11 Ashmore Group plc 11 Ashtead Group plc 11 The tool includes various questions/statements. How robust is the process for assessing potential board candidates based upon their skills, experience and backgrounds as they relate to the company’s. Boards may use any sort of rating scale, including a poor-to-excellent scale, a numerical scale, or something else. How well does the board chair ask the right questions so that board directors’ views build on the views of others? Boards that commit to doing comprehensive evaluations will gain much insight into areas for improvement. With a strong media and communication background, Nick graduated Trinity College (Hartford, CT) with a Bachelor of Arts (B.A.) 2. The process and analysis of Board evaluation Internal evaluations have many benefits, but in certain A Board Evaluation Report that is easily digested and provides actionable insight for board and committee chairs. Does the board provide guidance to staff on how to effectively implement the board’s strategies and goals based upon organizational policies? In order to maximize the efficiency of the evaluation process, the board administrator should be looking to digital tools to streamline the process. Does the board chair deal with contentious board directors directly and responsibly? R ecruit to your company whenever you need a mass of employees. Does the board base the executive director’s performance primarily on the organization’s strategic goals and priorities? Does the board create financial reports on the board’s budget, resource allocation and use of human resources, and share them transparently with its members and stakeholders? Boards of non-publicly traded corporations may find it beneficial to use a template for evaluation questions. There’s no one-size-fits-all way to conduct board self-evaluations given that different boards will have different contexts and concerns. How well aware are you of what the board expects of you in your role as director? How well-prepared are directors for board meetings? Successful Boards improve their organisation’s performance. Following are some good, basic questions to ask. Does the board perform evaluations at the board, committee and individual director levels. Only about 55% of boards evaluate their directors individually. Of the boards that take the step to evaluate individual directors, most boards don’t feel that they do a good enough job of identifying or correcting poor or marginal performances. Does the board need additional training on the business environment, emerging risks, regulation, or other matters? Board self-evaluations should start with a review of the board’s structures and processes. Copy of Board of Directors Self Evaluation 1. Has the board set policies for the role and responsibilities of the board chair? Self-evaluation tools are a great way to assess your board and how it interfaces with the executive director. Nicholas J. Keep a copy and present it to a mass for answering the sample survey questionnaire. Board evaluation questionnaires are a governance best practice. Do the board members enjoy a special camaraderie with each other? The first stage of the board evaluation process is to establish what the board hopes to achieve. The following table can be used by all board members and the chief executive to get an impression of how well the board is doing. The following is a sampling of the types of questions that many organizations find useful. Appropriateness of Board and Board Director Behavior, Effectiveness of Board’s Relationship With Executive Director. 6. It gives them the chance to compare their performances with the … Download Our Guide to Board Assessments Engaging a useful, annual self-assessment is fundamental to governance excellence. Does the board have a sense of camaraderie? How well do you understand the role of the committees? Does the board provide regular feedback to the CEO? How well and how often do other board directors encourage you to express your opinions and ideas? Does management keep the board informed about important matters in a timely manner? 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