Board Self-Assessment is a critical aspect of the board’s responsibility for assessing and improving its own performance. Boards are often tasked to review their own performance in order to align the board’s skills and expertise with company strategies and to meet investor expectations for diversity. Additionally, boards should ideally conduct an evaluation of their work at least every two years.

However the procedure of conducting a self-assessment by the board can be a difficult task. Many board members have not performed one before, so getting them to commit to the process could require some effort. Furthermore, many boards struggle to find the ideal balance between the demands of their job and their board service.

It is recommended to hire a board governance expert who can assist you in the process. The consultant will develop the survey, distribute it and gather feedback on it continuously. They will also go through the data to determine pertinent information and bring them back to the board for discussion.

The board should use the results to clarify its own expectations. This will help to reduce any confusion regarding the role of a board member and what they must do to accomplish their duties. The assessment may help to identify areas in which more training is required. It can also help establish clearer boundaries for the expectations directors are required to maintain in their personal lives. This could be crucial for those who work full time.

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