Is your organization’s annual board evaluation a check-the-box procedure, or is it a thoughtful exercise that produces valuable insights and actionable outcomes that lead to performance improvement?

The board evaluation can be a key opportunity to enhance board effectiveness and shareholder value—if it’s done right.

Read the latest research in Korn Ferry’s new report, “Annual State of Board Evaluation in the U.S. 2023,” a survey of the S&P 500.

 

Key highlights from the 2023 survey:

  • Top companies vary the way they conduct their annual board evaluations, from the format to the focus
  • Only 5% of organizations have the senior management beyond the CEO provide feedback on the board
  • Just 1 in 4 companies reported making changes following the board evaluation

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