A board analysis is a picture, typically a large whiteboard. It is placed next to a process in order to measure the actual results with the anticipated performance. The board allows a business to track its performance in terms of quality quantity, timeliness, and quality. It helps managers spot and keep track of any issues that may arise during a shift or day. The chart can be a valuable tool to reduce the amount of waste and maximizing efficiency, especially for companies that operate on a strict production schedule.

A typical form 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 difficult since it requires a thorough understanding of the current and future requirements of the business and a thorough evaluation of the effectiveness of the board in meeting those requirements.

Another type of board assessment is to determine whether the board is functioning at a fiduciary-level, ensuring that directors are adhering to legal and financial obligations and acting in the best interests of the company. Only a thorough board evaluation can determine whether a board is operating at this level. However, many boards struggle to implement a board assessment process.

A board portal platform can be used to gather anonymous feedback and gain insight into the performance of the board based on candor, transparency, and authenticity. These platforms also help reduce costs, since they eliminate the requirement for paper surveys as well as binders.