The Good News Story About Board Performance Reviews

Sixty percent of the Boards of Australia’s top 200 companies properly disclosed how they reviewed their own performance, according to a recent study.

The Australian published an article about the study on 22 August.  The article, “Boards baulk at how they rate”,  focused negatively on the forty percent of Boards who didn’t.

I see it differently. To me the study is important evidence that Boards are increasingly moving toward transparency in the evaluation of their own performance.

This type of accountability means a thorough review of Board performance, a follow up set of actions and a reporting of that process to shareholders.

Right now many Boards are going through this type of evaluation process and deciding what to do with the results.

I’ve got some suggestions of my own and you can read these in the article  Looking Under The Rock: Outcomes from your Board Performance Review.

Posted in - Governance