Understanding the seven hallmarks of an effective board. A guest article by Dr. Sabine Dembkowksi (Better Boards).
7. Regular reviews and reflection on the board´s work
Regular shared time outside of the boardroom, where people have the opportunity to connect and reflect on their work, is appreciated by many practitioners and highlighted by writers around the world as a crucial component of any best practice process. In fact, in the literature on the work of boards, it is the one point on which there is an overwhelming consensus. With this level of agreement, why do so few boards plan regular time outside of the boardroom?
Every single hallmark detailed here is, in essence, a lever Company Secretaries, and Directors can use to increase their level of impact in the boardroom and be more effective. In an ideal world, all these form part of evidence-based board evaluation.
An evidence-based board evaluation that shows real data concerning the areas that make a board more effective, as is proposed, stays away from “subjective interpretations.” It provides meaningful insights and the basis for an action plan for every member of the board as well as the collective. It provides a solid foundation and a safe route for board evaluation that contributes to the overall value creation process.