Board Self-Assessment

The 6th of a board’s five obligations is to keep an eye on, critique and improve its own effectiveness. While this may be the most challenging within the five, it truly is one of the most crucial. Boards that regularly self-evaluate make a great statement that they take their responsibility seriously. Outsiders, including ranking agencies and attorneys standard, check out a board’s commitment to regularly doing an objective self-evaluation as a key factor in good governance.

Board self-assessments are a significant tool in assisting boards develop, hone and implement strategies that lead to healthy and balanced, vibrant and effective governance. They will serve a vital role in making sure directors will be fulfilling the fiduciary obligations and behaving in the company’s best interest.

A well-designed and conducted plank self-assessment offers a road map to improved governance for all individuals. It helps panels understand all their strengths and weaknesses, and exactly how those impression the board’s ability to serve the organization. Additionally, it allows panels to address a variety of governance challenges such as building a varied board, strengthening the board-management staff relationship, addressing sustainability issues and boosting oversight.

The Center has been offering a simple, easy-to-use and inexpensive board self-assessment tool to nonprofit boards and their people since 2009. We send the questionnaire electronically, track involvement, tabulate effects and deliver them to you in an easy-to-use format. MANP and Shaun Wahlstrom, of Starboard Management Consulting, worked with to design the assessment, that can be used by a huge selection of nonprofit boards and thousands of board users.