Comprehensive Board Evaluations

Most companies release the results of a board evaluation in their proxy statements, but shareholders expect more. They want to know that your board assessment wasn’t just a “check-the-box” exercise. Board assessments should identify risk and strategic opportunities, as well as generate concrete action steps that will lead to overall performance improvement.

Board Evaluations are conducted by experienced EDA facilitators who understand the nuances of the boardroom. The EDA Team is uniquely qualified to lead meaningful team-building engagements that are designed to produce practical action plans, which is what shareholders are looking for—clear evidence that your board is actively looking after their interests.

We have several evaluation options that can be tailored to meet your board’s specific needs:

Full Board Evaluations

Full Board Evaluations provide a comprehensive review of the core competencies of an exemplary board. Individual interviews provide critical insights as well as candid and confidential feedback.

The result is a comprehensive report that presents key trend data without attribution to individual participants. The report will include recommendations for concrete action steps to include in subsequent board agendas.

This process empowers participants to:

  • Comfortably and confidently assess the current state of the board
  • Assess individual member skill sets and overall board composition as compared to the company’s short and long-term strategic plan
  • Establish a benchmark for continuous improvement
Board Composition & Succession Planning Evaluations

Board Composition Evaluations help your board assess the attributes of individual directors against a matrix of the strategic skills needed to move the organization forward. EDA facilitators will confidentially guide your board members through the process of evaluating themselves. This assessment tool will assist the board in ongoing identification of critical gaps and required competencies. This evaluation will also assist committees in developing a succession plan.

This process empowers participants to:

  • Identify skill sets needed to support your company’s strategy
  • Identify soft and technical skills of each board member
  • Develop an evolving matrix of current skills and competencies
Board Committee Evaluations

Board Committee Evaluations enable your committees to benchmark against leading practices, create baseline metrics, and define key performance indicators. EDA facilitators guide committees through the process of evaluating themselves, using a confidential survey. This evaluation will identify critical gaps in required competencies and assist committees in developing a succession plan.

This process empowers participants to:

  • Determine if the committee is functioning in compliance with its charter
  • Assess if the committee is keeping the board adequately informed
  • Review committee leadership and succession planning
  • Provide a plan of action for maximum performance
Director Self-Evaluations

Director Self-Evaluations enable each board member to confidentially assess their engagement and contributions to the board.

This process empowers participants to:

  • Assess their preparation, participation, and collaboration
  • Benchmark their unique skill sets against the current needs of the board
  • Identify their strengths, contributions, and opportunities for self-improvement
Director 360° Evaluations

Director 360° Evaluations are designed to facilitate a peer assessment to ensure that board members are individually and collectively performing as a strategic asset for your company and its stakeholders.

This process empowers participants to:

  • Assess their board peers’ preparation, participation, and collaboration
  • Benchmark their board peers’ unique skill sets against the current needs of the board
  • Identify their board peers’ strengths, contributions, and opportunities for self-improvement
Senior Management/Board Relations Evaluations

Senior Management/Board Relations Evaluations complement the board evaluation by inviting the senior management team to evaluate their working relationship with the board in a team building manner. The process enables both senior management and the board to share strengths and challenges with each other in a confidential format. The EDA teamworks with you to customize the assessment tool, facilitate the process, and provide concrete action steps.

This process empowers participants to:

  • Provide an avenue for senior management to communicate concerns about the board confidentially
  • Identify and address any concerns around board/management dynamics
  • Ensure that there is open access and appropriate information flow between the parties
  • Provide a plan of action to optimize communications, relations, and performance