QUIZ
How Does Your Board Measure Up?

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The following points were derived from a public company's
annual report to its shareholders?

STRONGEST

WEAKEST

Our board knows and understands the company's vision, strategic plan, and operating plan.

Board meetings are conducted which encourage open communication, participation, and timely resolution of issues.

Advance board materials contain the right amount of information; materials are delivered sufficiently in advance of meetings.

Members come to meetings prepared.

Our board reviews, adopts, and regularly monitors an annual operating budget.

Our board reviews, adopts, and regularly monitors an annual capital budget.

Our board regularly monitors our income statement, balance sheet, and cash flows.

Our board regularly benchmarks the performance of our business against peer companies.

Our board regularly reviews the performance and ethics of the CEO and senior officers.

Our board ties executive compensation to individual and company performance.

Our board reviews CEO and senior management succession plans.

Our board maintains an appropriate trigger level for board or committee involvement in major business policies and decisions.