The Board Room Review

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The board room review is an important part of the board’s overall evaluation process. It helps the board comprehend its strengths, weaknesses and ensures that it’s on the right track with its goals and objectives. A regular review of the board can ensure that no company misses out on opportunities and risk. It’s also a great way to increase the efficiency and performance of the board. A board review can be conducted in several ways. It can be a periodic internal assessment using a carefully constructed board survey like the affordable world class benchmarked survey from Board Surveys or a more unique independent external assessment.

The board can also utilize this time to develop and review action plans for improvement. It’s crucial to have a facilitator that can steer the discussion without any bias. It is often helpful to have someone familiar with the challenges faced by high-performing boards.

Another issue that can be raised during the boardroom review is identifying and addressing cultural and work practices issues within the top management. This is an area where it can be difficult to make changes. For instance, the traditional stereotype of the strict and remote director is rapidly becoming outdated in the contemporary business world.