A boardroom review is an exercise that helps businesses find regions of strength and weakness in their leadership relationships, culture, and relationships — resulting in practical alterations. It can also help the company determine its areas of expertise. The evaluation could be carried out in a variety of ways by hiring an independent facilitator who will ensure confidentiality and provide an impartial viewpoint on the results. This can also help companies save money as it eliminates travel expenses.
The board of directors is responsible for major decisions that affect everyone from employees to investors. This means that it is vital that the board is equipped with the proper combination of abilities. It’s not always straightforward to assess the effectiveness of an organization or its members. A review of the boardroom can help solve this problem and enhance the performance of the board.
The process of reviewing the boardroom will differ from client to customer, but usually includes a workshop for the board to discuss best practices in governance followed by the facilitation of an action plan. The goal is usually to improve the efficiency and effectiveness of the board. It could also involve dealing with misalignment or conflict and smoothing the transition or revitalizing the board.
A board management software system can enhance the effectiveness of your board and make it more collaborative. Choose a program that offers features such as meeting scheduling recording and recording meetings as well as decisions that are syndicated to all members of the board, and granular control of access.