Look at the statements below and the information about evaluating the work of company directors. Choose the best sentence (A-G) to fill each of
the gaps.EVALUATING THE PERFORMANCE OF THE BOARD Few employees escape the annual or twice-yearly performance review. (1)
The answer is not a great number. And the smaller the company.the fewer checks there are on how well the directors are doing. Some of the largest companies formally assess the performance of their board, but very few new or growing companies have managed to get round to establishing any such procedure.
Many business experts believe, however, that it is important for all companies to review the performance of the board. (2)Anotherreason is that the board itself needs information on how well it is doing.just as much as other employees do. For the chief executive, appraisal of some sort is absolutely essential for his or her own sake and for the good of the company. Indeed, many of those who have reached this level remark on how lonely the job of chief executive is and how few
opportunities they get to discuss issues relating to it.
There is some evidence to show that once smaller companies put a board appraisal process in place, they find this process relatively easy to operate. (3)Their counterparts in larger organisations, however,are often afraid that appraisals could be a challenge to their status.
So, how should companies assess their board? (4) At a very
A. It is often the case that the directors of such companies are even happy to receive criticism, as this can prevent them from making basic mistakes.
B. The rest of the workforce sees it as unfair if the directors are the only members of the company to escape appraisal.C. These are encouraging as they put a limit on the power of the chairman to
assess fellow directors.
D. Alternatively, questionnaires might be distributed to directors, forming the basis for future discussion.
E. One issue remains, however, when all the others have been dealt with.
F. It is generally agreed that it is the chairman's responsibility to ensure the regular appraisal of each member of the board.
G. However, one wonders how many companies have in place a formal appraisal process for their board of directors.
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