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Best Third Party Board Evaluation in Canada

Author: David R. Beatty
by David R. Beatty
Posted: Nov 20, 2017

Board Evaluation is an essential part of Corporate Governance which is performed in an organization in order to ensure that its board of directors is capable and skillful enough to provide the organization with a long-term strategic guidance.

Board evaluation is important for both for-profit and not-for-profit organizations as this process evaluates whether a corporation is capable of long-term survival, viability, and credibility or not. Board Evaluation helps an organization’s board of directors to give their hundred percent output for development and success of the organization. Members of the board of directors are assessed individually as well, to check if each board member is performing its responsibilities with dedications or not.

Board Evaluation canada is indeed a critical task that cannot be performed without some solid expertise. Moreover, an organization must never take a risk or ignore the board evaluation because it decides about the performance of the board of a company or an organization and predicts the future of that organization. Therefore, a team of professionals must be hired to assess every board member’s performance as well as board’s performance as a whole. We at Chairman of Board provide our customers with world-class Board Evaluation services. Chairman of Board is a leading corporate governance consultant in Canada with dedication and devotion to corporate governance.

Board Evaluation is not a one-step process and it really depends on the size of the organization. Organization’s Chairman chooses a methodology to assess the performance of its board members with their support and consent. First of all, our expert analyzes what are the achievements of the board so far and how these achievements have been made. Moreover, the structure of governance of the organization’s board is deeply observed. Once basic observations have been made, our corporate governance expert steps towards setting up the board evaluation structure. When board evaluation structure is set up, it requires designing of a proper and applicable evaluation structure. After that information gathering process starts. Information can be gathered through interviews and questionnaires etc. All of the gathered information is properly analyzed and summarized to find out what are the areas where the board of directors is failing at and whether the board should carry on with its current governance structure or some change is needed. Individual assessment of each board member can also be made to evaluate the participation and dedication of each of the directors in the making of overall strategic guidance.

So, whenever you feel need of board evaluation in your organization, we are always there to make your organization’s board more cooperative, hardworking and dedicated.

About the Author

Professor David R. Beatty of chairmanofboard.com provides corporate governance, board evaluation and CEO consultation in Canada. He offers valuable experience working with global boards and CEOs.

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Author: David R. Beatty

David R. Beatty

Member since: Dec 27, 2016
Published articles: 58

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