You compare your organization’s quality and financial performance to your competitors, but do you know how your board performs compared to other high-performing boards? Rating agencies, accreditation agencies, payers, and your competitors are looking at how boards are performing—and you should, too. Click here for more information on the timeline below.

BoardCompass^® gives board members the opportunity to critically assess their overall performance. Members use this tool to gauge the board's performance against The Governance Institute’s comparative database of hospitals and health systems. The assessment process provides a basis for board education and planning and is the first step toward optimal board performance.

To create an updated assessment that reflects today’s governance challenges, we performed an extensive environmental scan of national governance practices, collaborated with The Governance Institute’s advisors, and examined the recommended practices and standards set by multiple industry sources including, but not limited to, Baldrige Award recipients, The Joint Commission, the Internal Revenue Service, and Moody’s Investors Service. We trust that this updated tool will lend itself to our member organizations’ improved governance development as a thoughtful driver of change and a catalyst for action.

The updates we made include:

• Providing a single 59-question assessment, which enriches the national average benchmark and provides a simplified process for survey users

• Adding two open-ended questions and valuable anecdotal information

• Updating survey items that reflect current recommendations for governance responsibilities/legal expectations of boards and board members

• Changing the question scales to provide more statistically relevant results data

The board self-assessment analysis includes:

• Your board’s results compared item by item, by category, and by overall rating with our national database

• The Governance Institute’s Elements of Governance® Board Self-Assessment: A Core Responsibility publication for aiding board chairs, CEOs, governance committees, and other governance leaders in interpretation of the assessment results, presentation of the results to the board, and developing an action plan for improving the board’s performance and ensuring ongoing effectiveness

• A one-hour consultation of the results included in your membership with a Governance Institute expert

If you would like more information about The Governance Institute’s Board Self-Assessments, contact your Account Manager or call (877) 712-8778.