How should a board of directors conduct a self-evaluation?
Our rule leaves it to each board to determine the best method for conducting self-evaluations and we do not recommend any one approach or resource. Board self-evaluations are a tool to help boards enhance their effectiveness and should be conducted in a manner that best supports the board’s strategic planning and oversight responsibilities. Because board self-evaluations are a best corporate governance practice, there is considerable information publicly available to help guide a board through the process. The volume and variety of resources will require each institution’s board to identify the resources or programs appropriate to their needs.
