How does one build a structure for Board member accountability, and identify effective leadership candidates? How is this managed in a way that allows for efficiency, without the tension caused by peer relationships?
Through the right conversations in the context of an accountability-based evaluation process, board members gain the data they need to identify specific competency concerns in a way that opens the door to meaningful change. It also allows for expectations to align with the best practices in the Board's governance, culture, and goals, resulting in a more effective organization.
President of Waldron, Mike Humphries, addresses the positive impact an accountability structure with clearly defined leadership criteria and evaluation methods has on top leadership Board members, and potential leadership candidates.
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Download the abbreviated version of this article, originally published in the NYSE