For 20+ years, Angela Brock-Kyle represented TIAA investors doing her best to ensure that portfolio companies were prudent in their business strategies and governance decisions. Now serving as a board member of a public company, she sits on the other side of the table, and her passion for improving board performance has never wavered.
In this episode, Brock-Kyle outlines the unique opportunities associated with board evaluations (also referred to as board assessments). Not only are board evaluations foundational to the board’s fiduciary responsibilities, but the board maintains complete control over the evaluation process, making it easy—or at least realistic—for them to act on the results. Brock-Kyle uses a metaphor referencing the Olympic medals to explain how well boards are currently doing on their board evaluations.
All in all, the board evaluation process underpins nearly every major governance issue in 2017—from board composition to corporate strategy. In this episode, we pay special attention to two very important questions:
- What are the elements of a successful board evaluation?
- How can evaluations be used to identify and remove underperforming directors?
The filming of this episode of Inside America’s Boardrooms was made possible by our Knowledge Partners.