Speaking of corporate boards of directors, the number of boards and their members that regularly undergo formal evaluations has climbed significantly since 2002, according to a survey by Corporate Board Member and PricewaterhouseCoopers.
This year 84% of the respondents say their boards conduct such a process, up from 33% three years ago.
In 2005, 67% of those being evaluated rate the full-board evaluation process either “very effective” or “effective.”
The big exception: strategic planning. For the second year in a row, a majority of the respondents—59%, compared with 58% in 2004—put strategic planning at the top of their list of things they say need additional discussion time. And a greater percentage than last year want to spend additional time discussing their company’s competitive position (42% versus 36%)