A board analysis is an image, typically a large whiteboard, that is placed in front of an analysis process to evaluate the actual performance with the planned performance. The board lets an organization monitor its operational performances in terms of quality and quantity. It also lets check that managers identify and track any issues that arise during the work shift or day. The chart can be a helpful tool to reduce the amount of waste and increase efficiency, particularly for firms who have a strict production schedule.

A typical type of analysis for boards is to determine the kinds of backgrounds, skills and experiences are required on the board to meet the company’s needs for strategic planning. This can be challenging since it requires a deep understanding of the company’s present and anticipated needs and an assessment of whether the board is meeting these needs at present.

Another kind of analysis is to determine if the board is operating at a fiduciary level, making sure that directors are fulfilling their financial and legal obligations and acting in the organization’s best interest. A thorough board analysis will determine if a board is operating at this level. However there are many boards that struggle to implement a board evaluation process.

One option is to choose the board portal platform which includes pre-designed assessment templates created by experts in governance and that collects feedback anonymously to gain insight into the performance of the board, based on honesty and transparency. These platforms can also help reduce costs by eliminating the necessity of paper-based surveys or binders, which cost a lot when you think about the cost of printing toner, shipping and the cost of reprints.