Perform More Efficient, Effective & Thorough Board Evaluations
BoardEvals is a web-based board evaluation tool that helps public, private and non-profit organizations perform more efficient, effective and thorough board evaluations. BoardEvals replaces the ad-hoc, manual processes used by most organizations today with a standardized, automated board evaluation process that saves time and expenses, while at the same time improving corporate governance practices.
BoardEvals saves time and money by automating the entire board evaluation process, from initial data collection all the way through back-end data analysis and reporting. BoardEvals improves the effectiveness of a board evaluation by instituting a standardized process based on current “best practices” as defined by leading corporate governance authorities. Finally, BoardEvals enables a more thorough board evaluation by incorporating the full range of board evaluation activities, including board self-evaluation, committee self-evaluation, and 360 degree evaluations of individual board members.
BoardEvals also helps companies analyze the results of their board evaluation and take corrective actions, improving overall corporate governance. BoardEvals performs real-time analysis on collected data, and then communicates the results using both on-screen and printable graphical reports. In addition to providing immediate, visual feedback on the evaluation results, BoardEvals also enables users to analyze the data across a number of different dimensions, including overall board performance, committee performance, and individual board member performance. Finally, as more board evaluation data is collected, BoardEvals will enable companies to benchmark their performance against that of other companies across any of the evaluation categories. (insert screen shots)
Key Features & Benefits
- Standardized, automated web-based process saves time, money and labor spent on manual processes currently used by most organizations
- Comprehensive evaluation categories, including full-board self-evaluation, committee self-evaluation and 360 degree director evaluations ensure a thorough, “top-to-bottom” board evaluation that assesses all aspects of your board’s performance
- Standardized evaluation criteria enable immediate implementation, while taking advantage of current “best practices” criteria as defined by leading corporate governance experts
- Customizable evaluation criteria allow you to tailor specific evaluation questions or board structure settings for your company’s specific needs
- Real-time analysis of collected data provides immediate feedback on whole board, committee and individual board member performance, enabling you to quickly take corrective actions where required
- Data analysis and segmentation capabilities enable you to analyze the results of your board evaluation across a number of different dimensions including overall board performance, committee performance, and individual board member performance.
- Graphical on-screen and PDF reports provide you with visual, easy-to-interpret feedback on the board evaluation results
- Trend analysis compares your results with historical averages, enabling you to track progress over time
- Dynamic benchmarking provides real-time comparison against other organizations in your industry, enabling you to see how you stack up to your competition
- Status tracking enables you to track director-level progress on completing required evaluations
- Hosted, web-based solution provides a low-cost, zero-maintenance platform with secure, “anytime, anywhere” access from any Internet-connected PC
- SSL security incorporated as part of an industry-leading solution for privacy and data security
- Intuitive account management features allow you to easily add, remove and change board and committee members, control account access to individual solution components, and configure settings to meet the needs of your organization