Public company directors rate their overall board performance slightly higher than private company directors (3.8 versus 3.4) and give themselves higher marks for creating effective board structures, evaluation of individual directors, cybersecurity and compliance.
Some reforms are catching on, she said, including a preference for independent outside directors, curbs on professional relationships between board members and the companies they oversee and more rigorous evaluation of prospective directors.
Directors see their boards as having the strongest processes related to staying current on the company and the industry, compliance, financial planning and board composition, and weakest in cybersecurity, the evaluation of individual directors, CEO succession planning and HR/talent management.
Nor is the president the only central player in the Comey drama to have seemingly reversed course in his evaluation of the director's actions.
In the summer of 1996, board and staff members held a retreat, beginning a process that produced a new mission statement, the new global direction and a new board policy calling for an annual evaluation of the director.
He creates and annually updates competency maps, or descriptions of specific skills and knowledge that his boards must possess collectively, and compares them against online self-evaluations of the directors every year and with external assessments from consultants every two years.
Among companies that conduct evaluations, only 78percentt of directors are satisfied or very satisfied.
"Genting's proposal was far superior in concept, scope, detail and execution to any we have seen in previous rounds of evaluation," Gordon Medenica, director of the state lottery said in a letter to Governor Paterson.
Sports Direct has commissioned an external evaluation of its board of directors, following criticism of the retailer's corporate governance.
Mike Ashley's retail group, which is facing a shareholder revolt over the re-appointment of its chairman, Keith Hellawell, at the meeting on 7 September, said it was planning an external evaluation of its board of directors by next April.
