Measure individual director performance
Peer evaluations are on the rise. Having a structured process for individual feedback can prove useful when considering the composition and performance of the board. With the right reasons and the right tools, peer evaluations can truly help drive board excellence.
Recognise top performers
A peer evaluation helps recognise top performers and shows how colleagues value their contribution. That recognition could act as a catalyst for improved performance for the rest of the board.
Keep expectations and priorities clear between board members. Individual feedback also promotes alignment and lets board members address individual needs of different stakeholders.
Improve board composition
It serves a vital purpose for nomination committees as well. Peer evaluations can tell what competencies are needed to complement existing board members when recruiting a new director.
Use BoardClic data to put director performance into context. Establish an objective baseline and follow trend over time.
Create intuitive reports to display a wide view or drill down in specific areas. The reports are available in the platform, but can also be shared as a PDF.
Surveys are designed for your industry with formats based on your company structure. Choose from our best practice templates of customize your own.
From the blog
Business today is hypercompetitive. One of the most effective ways to maximise the productivity of your board is by using peer reviews.
Peer evaluations can be a miserable experience. Despite some shortcomings, the benefits of peer evaluations in the boardroom can be worth it. You just need the right tools and the right reasons to use them.