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Performance evaluation is a major means by which baords can recognize and correct such corporate governance problems and add real value to the organisation they govern. It is a key component of the performance management system for any board.
The authors' experience with many difference boards have shown them that, while many organisations now see the benefits or regualr performance evaluation, there are few sources of practical advice on how to establish and run a board evaluation. In Board, Director and CEO Evaluation, Geoffrey Kiel, Gavin Nicholson and Mary Anne Barclay provide a pragmatic and helpful resoruce for those seeking information on how to carry out a board and/or CEO evaluation
The authors discuss current thinking in best practice corporate governance and the benefits of board evaluation. They provide a framework that can be used to develop a successful board evaluation process appropriate to the organisation, whether it's listed on the stock exchange, is a small family company or is a not-for-profit organisation.
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