Board Evaluations, also known as Board Effectiveness Reviews, are a part of Board development but are in many cases offered as a stand-alone product where this is what the company requires. The focus therefore is on independence and external input into the project which guides best practice into the process within the remit and objectives of how the Board wishes to be engaged and its defined outcomes. This can result in a range of ways that a Board evaluation can be performed from a combination or selection from the following which will identify the project in the range from light touch to in-depth. The importance is to retain an approach that is robust and rigorous irrespective of approach agreed on.
The Board will decide whether the review is handled as interviews, bespoke, online, multiple choice questionnaires or a mixture of both. The next selection is whether it is the Board or the Board and some or all Committees and then whether other stakeholder groups are included. The Board needs to determine whether this is only a Board Evaluation in isolation or whether it will include the annual requirement of the self evaluation by the directors, a peer review by all directors and a review of the Chairman but all Directors and possibly other stakeholders. Another choice is the degree to which standard governance and process issues are handled with the directors and to what extent this could be handled and possibly in more detail with the Company Secretary or the Secretariat team.