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20 Questions Directors Should Ask about Governance Assessments

February 2006
By Richard W. Leblanc, Ph.D.

Corporate governance rules in Canada, the United States and other countries require companies to carry out governance assessments of the effectiveness of boards of directors, committees of boards, and individual directors on a regular basis.

The process of undertaking assessments is much easier said than done. Directors may not think that assessments are necessary. They may not be comfortable with the prospect of being assessed or of assessing their fellow directors. And directors may have concerns about what assessments might disclose and who will be privy to that information. These are legitimate concerns that this publication addresses.

This publication responds to board members’ legitimate objections and concerns and offers guidance on how to conduct assessments, based on the research experience of the author. By posing and commenting on a set of questions, the document will help boards, chairs and individual directors understand the assessment process and be better equipped to undertake or improve upon governance assessments within their own boards.

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