Board Self-Assessment is a critical component of the board’s responsibilities to evaluate and improve its own performance. Often, boards are tasked with evaluating their own work to ensure that they align the board’s capabilities and expertise with company strategies and to meet investor expectations for diversity. Additionally boards should carry out an extensive evaluation at least once every two years.

The process of conducting a self-assessment with the board isn’t easy. It could be a challenge to get board members to dedicate time to this process since many have never done this before. In addition many boards struggle to find the perfect balance between the demands Board Self-Assessment Checklist of their jobs and the duties of their board.

It is beneficial to work with an expert in board governance who can help you through the process. The consultant will develop an online survey, distribute it and continue to collect feedback. They will also review the data and decide on the most relevant information before presenting them to the board for discussion.

The board should utilize the results to clarify its own expectations. This will help reduce any confusion regarding the role of the board member and what they must do to complete their tasks. The assessment will also identify areas where needing additional training. It can also help to clarify the expectations of directors in their personal lives and personal lives, which is essential for those who work full-time.