Director Self Assessment Questionnaire

Legal Alerts

2.16.12

It's no surprise these days that board and committee evaluations have become a recommended “best practice,” with the New York Stock Exchange leading the way.  In this regard, the NYSE’s corporate governance rules state that a board “should” conduct an annual “self-evaluation” to determine if the board and its committees are functioning effectively.  Moreover, firms that rate companies’ corporate governance policies, such as ISS, incorporate board of director evaluations into their scoring system.  These evaluations are seen by most governance advisory firms and institutional investors as a critical component of the overall board evaluation process, and provide an opportunity for the board and its committees to reflect and discuss areas for further effort and improvement.

For your convenience,here is a sample Director Self-Assessment Questionnaire, which is updated for 2012 to reflect the SEC’s disclosure enhancement rules and other matters. The Questionnaire includes separate parts relating to a director’s respective service on any of the major board committees. 

Please contact a Dykema attorney to learn more about Director Self-Assessments and other Corporate Governance topics.


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