•Their policies provide sufficient guidance to the board to govern the organization properly, are reviewed on a more regular basis and are publicly disclosed.
•Their board members are better able to read and understand financial statements, are required to sit on at least one committee and require less lead time to carry out their responsibilities effectively.
•They spend more time on board education and development, and the person responsible for briefing the board is effective.
•They conduct formal board evaluations and evaluate their CEOs based on preset criteria.
•They have formal risk management and crisis management policies and have assigned risk management and crisis management responsibilities to a specific individual or group.
•They have a strategic vision for the organization and have translated their strategic goals into measurable objectives and benchmarks for the board to monitor.
•They set annual objectives for the board, and the board or its committees follow a well-delineated work plan that outlines how the board will achieve its goals. The work plan becomes the board’s agenda for the year.
•They spend more time at board meetings in lively debate of strategic issues.
•Their board meetings are not dominated by one or two people.
•They operate with a balanced budget
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