FURTHER BENEFITS
Board evaluation leads to improvements in boards’ focus, strategic planning, efficiency and time management.
The benefits of evaluation extend both to the board as a whole and to individual directors. Benefits for individual directors were identified in numerous areas including leadership, role clarity, teamwork, accountability, decision making, communication and board operations.
Director evaluation can enhance the quality of the board which has become an increasingly important factor for investors.
Other benefits included the use of director evaluation to demonstrate commitment to effective governance and to enhance integrity and accountability.
Director evaluation provides feedback which allows growth opportunities. Behavioural psychologists and organisational learning experts agree that people and organisations cannot learn without feedback.