Chapter 6: Board's evaluation Flashcards
1
Q
T/ F : The board of directors must complete an annual performance evaluation on itself and its committees ?
A
TRUE and propose a plan of action to correct any issues detected
2
Q
when the board of directors should engage an external facilitator to aid in the evaluation process ?
A
Every three years
3
Q
what elements to evaluate periodically ?
A
- The corporate governance of the company
- The structure of the board
- The profile of the board members
- Board operations
- The strategy dvp of the board