Board Evaluation is a vital software tool to help boards recalibrate themselves. It is
not just a legal requirement but also an experiential learning process for boards,
especially when properly designed and executed involving a trusted external
facilitator. Board Evaluation ensures that the board becomes aware of its
‘pros/goods’ and ‘cons/bads.’
Being appraised by one’s brethren serving on the same board is a wake-up call to
ensure the board takes all the necessary steps to bring itself to the level of
effectiveness and efficiency it desires from itself.
BoardGauge helps Board Members evaluate themselves, with or without a Facilitator,
with the following perspectives
BoardGauge motivates Directors to honestly share views on all the above parameters with much greater confidentiality, especially when interacting with a trusted external facilitator, who is experienced and impervious to pressure. Disclosure of their thoughts within the company with a senior KMP of the same company is likely to be sub-optimal.
Also, BoardGauge provides a set of indicators that enable a comparison of performances
of the current year to last year.
BoardGauge is installed on a server with security infrastructure provided by Axar or
hosted by the client. No one from Axar has access to a client instance. To maintain
data confidentiality, only the Facilitator and individual board members have access
as necessary for their roles. The questionnaire data, their responses, and the
emerging analysis are encrypted, both at rest and in transit.