May 14, 2015
Give the Gift of a 360 to Your Board of Directors
I recently ran our biennial Board 360, and I thought it would be interesting to share the details. Attached are a few pages from, my book, Startup CEO: A Field Guide to Scaling Up Your Business which describe the process as well as share the survey I developed, which I adapted from one that the legendary Bill Campbell uses at larger public companies like Intuit.
If you’ve read this blog a lot over the years, you know that we are big on 360s for staff at all levels at Return Path , and at some point a few years ago, I thought, “hmmm, shouldn’t we do this for the Board as well?”
Most of our directors had never been part of one before as Board members, and they reacted to it with varying levels of interest and trepidation. But all of them loved the output and the discussion we had afterwards. Extending the level of transparency we have internally to the Board was a great thing and a great use of time, and I think making the Board members review themselves and their peers critically and then seeing the results sharpened overall Board performance.
The document also shares the survey we use, which we have each director take anonymously and compile the results to share in Executive Session at a Board meeting. We also ask a few members of the senior management team to fill out the survey as well so the Board gets feedback from them, too.