An effective board requires the careful design and identification of the board structure, processes and people involved. We believe the board should clearly set standards for its own performance and aim to be as good in its own job as it expects the CEO to be in theirs. The board should undertake an annual performance review evaluating its performance against its own policy expectations.
Governance performance evaluation extends to the contribution of individual board members through a process of self and peer assessment. The focus of performance evaluation is the development of increased governance capability. When helping evaluating the boards Socius' experts always combine the current and “optimal” best practices in the region.