How to Facilitate a Board Self-Assessment

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Board Self-Assessment is a critical component of the board’s responsibilities to evaluate and improve its own performance. The majority of boards are charged with reviewing their own work to ensure that they align their board’s capabilities and expertise with company strategies and to meet investor expectations for diversity. Boards should also conduct an extensive review at least every two years.

However the procedure of conducting a self-assessment on the board can be a difficult task. Many board members have not performed one before, so making them commit time to the process could require some effort. Many boards struggle to find a balance between their work and board service.

It is a good thing to engage an expert in board governance who can assist you in the process. The consultant will develop an online survey for the board, distribute it, and collect feedback on a continuous basis. They will also look over the data to determine the most pertinent insights, then bring them back to the board to discuss.

The board should utilize the results to clarify its own expectations. This will eliminate confusion about the role of board members and how they are expected to fulfill their duties. This assessment can also help identify areas in which further training is required. It can also aid in setting clearer boundaries regarding the expectations directors have to maintain in their personal lives, which could be particularly important when working full-time.