DO YOU WANT AN EFFECTIVE BOARD? CONSIDER THE FOLLOWING:

• Are board members objective and independent?
• Do board members have a clear understanding of their purpose?
• Would compensation for serving on the board unduly influence any member?
• Are members willing to ask questions, advise and recommend?
• Is the CEO unquestionably in favor of an outside board?
• Is the family ownership in favor of an outside board?
• Have the board members been educated on the business and industry?
• Is the board functioning as a team?
• Are board members respected peers?

• Are board members qualified to serve based on leadership and experience?
• Have we eliminated honorary board positions?
• How will we measure board performance?
• Are we compensating board members adequately?
• Are board members able to devote the necessary time to the business?
• Do we have the key areas of required expertise on our board?
• Does the board have "higher authority" status?
• Does the board have unlimited access to uncensored data?
• Are board members willing to speak out and act as "Goodwill ambassadors?"
• Is the term of serving adequate to provide continuity?
• Are board meetings scheduled a year in advance?
• Are financials accurate and delivered on the same schedule each month?