Board effectiveness is determined by the ability to remain flexible and embrace change, writes
Louis Kacyn, a consultant at Egon Zehnder International, Chicago, in
The Corporate Board journal. According to Kacyn, board reviews are a key tool for maintaining a dynamic and productive top team. They offer directors a structured approach to assessing their individual and collective performance, allowing them to uncover problems, fix them and focus on continuous improvement. Indeed, reviews are not only invaluable post-crisis, argues Kacyn, but should form part of the board's ongoing work. Ultimately, reviews enable boards to learn from experience and better prepare for the challenges ahead, Kacyn concludes.
