Evaluating board effectiveness: A review and framework for evaluation of corporate boards
Authors: Nordberg, D. and Booth, R.
Start date: 5 September 2017
Board evaluations have emerged as an important tool in public policy and corporate practice for enhancing board effectiveness. This paper reviews the extensive literature on effectiveness and the emerging literature on evaluation to understand how the divide between two purposes of evaluation – improving board performance and creating accountability – interact with the two main methods of evaluation – internal and externally facilitated. It also integrates the literature of effectiveness and evaluation into an analytic framework for board evaluation. We believe this tool will contribute theoretical understanding of boards and their work, provide insights for the practice of boards and evaluators, and help policy formation by pointing out the limitations as well as benefits of various policy options