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Evaluating boards and directors

Kiel, Geoffrey C. & Nicholson, Gavin J. (2005) Evaluating boards and directors. Corporate Governance: An International Review, 13(5), pp. 613-631.

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Abstract

The challenge for boards is to prevent crises in the organisations they govern. Performance evaluation is a key means by which boards can recognise and correct corporate governance problems and add real value to their organisations. Our paper provides a practical introduction to board and director evaluations. We discuss the reasons for governance failures and how board evaluations can help prevent them from occurring. We then review the performance pressures facing boards and the benefits of board evaluations in meeting these pressures. Finally, we introduce our framework for a successful board and/or individual director evaluation, whatever the company type. In this framework, we suggest there are seven key questions to consider when planning a board evaluation and discuss each of these seven decision areas.

Impact and interest:

20 citations in Scopus
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14 citations in Web of Science®

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8,517 since deposited on 06 Sep 2006
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ID Code: 4935
Item Type: Journal Article
Additional URLs:
Keywords: Boards of directors, Performance evaluation, Corporate governance, Board evaluation
DOI: 10.1111/j.1467-8683.2005.00455.x
ISSN: 1467-8683
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business and Management not elsewhere classified (150399)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2005 Blackwell Publishing
Copyright Statement: The definitive version is available at www.blackwell-synergy.com
Deposited On: 06 Sep 2006
Last Modified: 29 Feb 2012 23:23

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