Do you keep saying you’ll start director self-assessments next year? What about assessing overall board performance, or evaluating the CEO? It’s simple to step up your governance game using Aprio’s survey tool.
One-quarter of board’s using Aprio rave about how easy it is to conduct board performance and CEO evaluations, or conduct simple votes using our survey feature. Others Aprio users are missing out! Here are some tips to get your organization started.
If you’re looking to encourage accountability and high standards of performance on your board, then routine performance evaluations are a critical step to ensure your efforts aren’t just admirable talk.
Each director should be contributing towards clear performance expectations and, at least annually, measuring their own contribution. Some boards do peer assessments and overall board performance reviews as well. All of these assessments are easy with Aprio.
For an overall board evaluation by all directors, you’ll likely want some “Pick the one answer that best expresses your perspective” questions like these:
For a director self-assessment or peer assessment, you’ll want some questions like these:
We’ve heard confessions from dozens of board chairs that their board’s evaluation of the CEO is ad hoc, and can even get missed in a busy year. If you’re in that boat, keep paddling.
Setting up a survey to conduct a board review of the CEO’s performance is just as simple as doing director and board evaluations. The only difference is that you want the results confidential from the CEO so the CEO cannot be the survey lead. And just like board assessments, once you set up the process, it’s easy to repeat the next year.
Do you struggle with attendance? A survey can help.
For many boards, picking convenient meeting dates has a significant effect on the engagement and contribution of directors. Aprio makes it simple to survey directors on which of three meeting dates is most convenient – then go with the majority.
On bigger issues, when it is necessary to take action between board meetings and it’s not reasonable to call a special meeting, the chair can authorize a vote electronically. The Aprio board portal makes the survey easy, provides an audit trail and makes it convenient for directors to access consistent, adequate information about the motion before they vote. Remember to respect your board’s rules for quorum for the vote, and afterwards ratify the motion at the next meeting of the board.
Aprio’s survey tool is at your fingertips, and as always we’re here to help.
Contact us toll free at 1-855-552-APRIO or email email@example.com
Listed – The Magazine for Canadian Listed Companies. Effective Board and Director Evaluations. 2017.
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