By: Eugene Fram
A recent study of business boards by Stanford University yielded the following results:
- Only one-third (36%) of board members surveyed believe their company does a very good job of accurately assessing the performance of individual directors.
- Almost half (46%) believe their boards tolerate dissent.
- Nearly three quarters of directors (74%) agree that board directors allow personal or past experiences to dominate their perspective.
- And, perhaps most significant, the typical director believes that at least one fellow director should be removed from the board because the individual is not effective. *
Given that many of these business boards have the financial power to employ legal counsel or consultants to conduct a rigorous impartial evaluation, what can a nonprofit board, with limited financial resources, do to make sure that the board and its members are being fairly evaluated to drive change? (more…)