• Self-assessment

    • The board evaluates itself, normally initiated by the Chair with practical help from the company secretary, legal counsel, Nomination Committee or external partners
    • Can be in the format of a (paper- or online) questionnaire and / or in the format of the Chair carrying out a mini-interview of each board member as well the CEO, CFO, and other key leaders
    • Some use both questionnaire and interviews, others use only one of the methods
    • Typically done annually
  • External evaluation

    • External partner sets up and carries out this third-party evaluation
    • Should consist of individual in-depth interviews and ideally be combined with an online questionnaire
    • Usually also includes several special analyses such as those listed in the document below
    • Usually includes a workshop or set of workshops run by the external partner, interpreting the results and giving concrete feedback and suggestions for improvement
    • Typically conducted at least every 3 years