A board room review is an approach that allows a table to review their performance in a comprehensive manner. This assessment can help them identify aspects of their leadership, connections and culture that could influence both social and practical changes. It also helps ensure that those who pay for table membership are fully prepared to carry out their responsibilities.
Apart from being the venue for significant decision making processes that affect everyone from employees of a firm to the investors who own its shares, it’s equally important that the setting for meetings encourage productive discussions. To do this, the space should be sufficient in size to accommodate everyone and soundproofed. It is also essential that boards rooms have an individual facilitator who is not tied to any particular group and can offer unbiased advice.
As the pace of disruption increases it is crucial that boards not only maintain the current best practices, but also anticipate their strategic needs for the future. It doesn’t matter if it’s an internal assessment using low-cost world-class benchmarked surveys or a more extensive external assessment of the boardroom, a formal review is a valuable tool that will allow boards to determine areas of strength and weaknesses which can be a catalyst for change. To maximize the impact of this tool, it’s best to partner with a qualified board evaluation consultant who specializes in working with boards that are highly effective. This will ensure the highest degree of professionalism and confidentiality is maintained throughout the entire process.