Each corporation has at any point of time a particular owner structure, business dynamics and organization. To be effective the board evaluation should reflect those specifics.
The evaluation must be based on a thorough understanding of the way the Board functions, the business drivers, as well as on discussions with the Chair on ambition, content and angle of the evaluation.
The nature of the evaluation is not only towards the Board’s effectiveness and on identification of areas of improvement, but also aimed at identifying the key strengths that should be preserved and nurtured.
The evaluation has focus on one dynamic context consisting of 4 elements, the quality of which altogether constitutes the board’s ability to focus on value creation: Formal Frames, Tasks & Processes, Governing Bodies and Underlying Relationship Dynamics: See figure below.
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