Performance evaluation is a critical aspect of executive talent management. Independent board of directors and chairpersons have a fiduciary responsibility unto shareholders; their role also includes providing strategic direction and formulating policy. Newport’s Compensation Consulting Practice works with clients to develop robust performance evaluation criteria and leadership competencies that are unique to the organization and industry.
All organizations want effective leaders whose values align with those of the organization. Leaders should act with integrity, be ethical, and hold themselves and others accountable to the highest standards of excellence. High-functioning boards and CEOs can enhance and sustain an organization’s competitive advantage in uncertain times, making peformance evaluations a critical aspect of talent management.