Over the past five years, we have conducted nearly 100 third-party reviews. (See “About the Research,” p. 72.) Approximately half of those reviews deployed a questionnaire organization has an appropriate process that was similar enough for us to extract data that, taken in aggregate, provide rich in-for appointing new board members. formation on various aspects of how a board typically functions.
With respect to board meetings and decision-making processes:
- Almost all directors enjoy working with their board.
- They also feel that interpersonal relations between board members are very good and that individual directors respect and value the contributions of their colleagues.
- Board discussions are typically seen as candid and open, and the ensuing deliberations are viewed as being constructive.
- The result: Board discussions tend to ultimately reach some kind of satisfactory closure.
- However, only 70% of directors believe their colleagues come to board meetings well prepared.
- Just 60% feel that all board members participate effectively at board meetings.
- A similar percentage feel that management seeks to involve the board fully in key decisions.
- And only two-thirds feel that the board is making good decisions.
With respect to director performance and succession:
- Only 60% believe that the company is getting the best out of them as individual directors.
- Just 55% believe that the board gets the best out of its nonexecutive directors.
- Fewer than 30% believe their organization has an appropriate process for evaluating the... To read the complete article, login or sign-up using the form below.
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