11.7 Board performance management Flashcards
The performance management of individual directors often occurs as a natural consequence of the yearly b_______ e_________ but may also be a separate process.
board evaluation
What is the problem with the “rank and yank” process of performance management?
The lowest performing team members would be exited, even if their performance was relatively high compared to the industry, creating anxiety and bad feeling.
What is the issue with modern performance assessments?
They are onerosus, time- and cost- heavy.
Performance goals should be SMART. What does this stand for?
Specific Measurable Achievable Realistic Time-bound
Why is it better to ask people what they think about performance, rather than directly providing feedback?
Feedback enforces an adult-child relationship (rather than adult-adult)
Why is remuneration often the cause of issues in board performance?
It can encourage gaming and unethical behaviourrs and can create conflict.
The current best practice on reward is that it should be aligned to l___-t____ o___________.
long-term outcomes
