Benefits of Evaluating the Chief Executive
Evaluating the Chief Executive is a primary responsibility of the Board. There are several key benefits from this evaluation, including that the process: 1. Ensures the Board is meeting its duty to effectively lead the organization 2. Ensures organizational goals are being met 3. Ensures continued development of the Chief Executive to more effectively conduct his or her role 4. Ensures a formal and documented evaluation process that meets standards of fairness and practicality 5. Ensures the Chief Executive values his or her role, is benefiting from it and therefore is more likely to stay (finding good Chief Executives is increasingly difficult) 6. Leaves written record of the Board's impression of the Chief Executive's performance in case this record is needed for future verification, e.g., for salary increases, probationary activities, firing, etc. Sample Schedule: Note that, more important than doing an evaluation at a certain scheduled time, is doing an evaluation at all, so do the evaluation when the Board believes is the best time for its members.
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