In a study by HBR, it was noted that Boards of many organizations, which were in news for various business disasters, were as good as any other company’s. They ticked all the criteria one would use to evaluate a good board.
The article goes on to postulate that it may be more critical to manage the social fabric inside the Boardroom rather than the Board structure. “We’ll be fighting the wrong war if we simply tighten procedural rules for boards and ignore their more pressing need—to be strong, high-functioning work groups whose members trust and challenge one another and engage directly with senior managers on critical issues facing corporations.”
When a Board Evaluation is conducted for an organization, it gives the Directors an opportunity to specifically take time out to voice their feedback on taking the Board functioning, teamwork, processes to the next level.