The board and management work together to foster continuous, open and honest communication, where concerns are brought forward and dealt with as they occur. The annual performance evaluation is an opportunity to formally examine board effectiveness and establish goals for continuous development and future composition of the board.
Questionnaires and interviews covering self, peer and 360° reviews are used to assess the six performance components:
overall board, committees, board chair, committee chairs, individual directors and peers. The criteria used to assess performance incorporate best practices and relevant board and committee mandates and position descriptions.