Boardroom Metrics works with Boards of Directors across North America on Board and CEO Evaluations.
CEO Performance Evaluation Template
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
DON’T LAUGH.
DO YOU KNOW WHAT THE MOST COMMON FINDING OF A CEO EVALUATION IS?
THE NEED FOR A BOARD EVALUATION.
CEO performance is dependent on the Board executing its role. The Board’s role is to identify risk and set a strategic direction for achieving the organization’s mission. The Board engages the CEO to execute this strategic direction. Unfortunately, many Boards struggle with this role. As a result, improving CEO performance is impossible if the Board doesn’t get its act together. A formal, objective Board evaluation is often the only way for the Board to overcome this hurdle. Boardroom Metrics can help. We work with public, private and not-for-profit organizations of all sizes, helping them get their Board’s act together. Email [email protected] for more information.
CEO Evaluation Services
Confidential, Objective Assistance for Boards Assessing the Performance of the CEO
Boardroom Metrics provides CEO Evaluation Services to Boards of Directors in Toronto and across North America. We provide objective, confidential leadership of the process including tools, performance ratings and reporting. All of our work is confidential. When the assessment is completed, we help Boards determine the appropriate performance management plan for the CEO. Click here for more information on CEO evaluation services.
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.
Evaluating the CEO
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
Medical Group Governance
Importance of Medical Group Governance The rise in importance of self-governed medical groups and the challenges of operating successfully are leading to increased interest in medical group governance. From our recent work in this [...]
Medical Group Board Governance eBook
This ‘Medical Group Board Governance eBook ’ is designed to help Directors of Medical Groups be more effective. It is written by Jim Crocker, Chair of Boardroom Metrics. For over twenty years, Boardroom Metrics has [...]
The State of CEO Evaluation Best Practices
https://www.youtube.com/watch?v=hFYfVOwuYPc CEO Evaluation Best Practices are Evolving For years, almost every company in the Spencer Stuart Board Index has conducted an annual CEO evaluation. Some do it more [...]
Six Lessons from Board Evaluations in North America
Here are six common lessons from Board evaluations conducted with public, private and not-for-profit organizations in North America. The majority of Boards over-rate their governance competency. They do this because: Directors want to be [...]
After WeWork, How to Ask Questions Like a Director and Protect Your Career
Bad Governance Hurts Employees WeWork (re)proves that when governance goes wrong, people get hurt – and very (very) often it’s the employees. Seriously, who wants to get fired from a company because it’s the [...]
Five Governance Questions for Early-Stage Investors
If every company gets these three things right, it will be successful. It doesn’t matter if the company is a start-up or Facebook. The three things are: Identifying and mitigating killer risks Developing and [...]