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

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2
Q

when the board of directors should engage an external facilitator to aid in the evaluation process ?

A

Every three years

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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
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