Boardroom Metrics works with public, private and not-for-profit Boards of Directors, helping them execute their three key roles: 1) identifying and mitigating risk; 2) validating strategy and overseeing its execution; and, 3) hiring and performance managing the CEO.
CEO Performance Evaluation
Use this evaluation to objectively measure CEO performance versus the goals and expectations of the Board.
Key elements of this CEO evaluation template include:
• The CEO’s leadership performance
• The CEO’s management performance
• Relationship of the CEO with the Board of Directors
• The CEO’s financial stewardship of the organization
• Key accomplishments of the CEO and assessment versus Board-set goals
• Areas of CEO improvement
• Performance Development Action Plan
CEO Performance and Board Governance Audit
It is the Board’s responsibility to hire, retain and performance manage the CEO. Common opportunities most Boards have to perform this part of their role more effectively include: job description; performance criteria; contract and terms; evaluation frequency; feedback and insight; and, coaching and training.
For Boards seeking greater governance and CEO leadership effectiveness, the Boardroom Metrics Governance Audit provides practical, useful insight and improvement recommendations.
CEO Performance Coaching and Mentoring
For Boards or CEO’s seeking insight on CEO performance and how to improve it, engaging the services of an experienced CEO coach can be an important investment. A CEO coach helps the CEO understand their role and responsibilities and what actions they can implement to perform at a higher level. Boardroom Metrics CEO coaching is provided to Boards, HR Departments and interested, performance-oriented CEO’s.
The CEO Performance Evaluation is the primary and most formal process the Board has for measuring CEO performance. Regularly measuring performance is important because the Board delegates responsibility for day to day management of the business to the CEO. From a governance point of view, the Board MUST take steps to ensure they know how well the CEO is carrying out their mandate.
Feedback from the CEO performance evaluation process is important to the CEO as well as the Board. Through the evaluation process the CEO gains a clear understanding of the Board’s goals, receives well-deserved and positive feedback on accomplishments, and gets an opportunity to clarify the Board’s expectations around performance of the CEO role.
Here are the key goals of the CEO performance evaluation process:
- Objectively measure CEO performance vs. the goals and expectations of the Board
- Reinforce and strengthen as necessary the alignment between the CEO’s priorities and performance, and the mission, vision and goals of the organization
- Define and establish the criteria, process and expectations for CEO growth and development opportunities
- Build a stronger more productive relationship between the Board and the CEO
- Fulfill a primary Board governance duty to ensure that organization is well lead and if not, to provide a legitimate basis for terminating the CEO
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