Director Skills Assessment
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Quickly assess and enhance your board members' individual skills and deepen your understanding of the board’s collective skill set. Quantum Governance, L3C’s Director Skills Assessment can help your credit union identify potential leadership needs moving forward and govern more effectively. This tool will provide:
Canadian Credit Unions:
This tool can help you meet board assessment standards and guidelines recommended by Canadian authorities.
- Helpful data and information to inform a plan of action that will improve both individual board member – as well as overall board – performance.
- Transparent feedback on perceived strengths, challenges and overall effectiveness.
- Help for the board as a whole (and potentially your Governance and Nominations Committee) in identifying any gaps in board member skills, experiences, competencies and leadership attributes to inform recruitment and nominations processes moving forward.
- Valuable data for future deliberations – particularly when nominating board candidates or when recommending individuals for board officer or committee positions.
- Practical information to aid in future board member development and to help focus training resources where they are needed most.
The Director Skills Assessment collects demographic information from each board member and includes (1) a self-assessment of their performance as a board member, (2) a self-evaluation regarding knowledge on various topics, and (3) a series of multiple choice and true/false questions to test board members’ own knowledge on Governance, Financial Literacy and Regulatory matters.
Director Skills Assessment Add- Ons
There are three additional add-on options that your credit union can consider to round-out the Director Skills Assessment. They are: 1) A Peer-to-Peer Assessment; 2) the DiSC Workplace Profile; and 3) the CliftonStrengths. These additional tools provide additional insights into individual skills and performance, group dynamics, personality profile types, talents and motivations.
- Peer-to-Peer Evaluation. Quantum Governance’s Peer-to-Peer evaluation can be added on for an additional $1,500. The finely-honed question set is included in the Director Skills Assessment as a self-assessment component, but it can be expanded to afford mature boards the ability to ask for and obtain this valuable level of peer feedback.
- DiSC Workplace Profile. Assesses Dominance (D), Influence (i), Steadiness (S) and Compliance (C). It is predominantly focused on workplace behaviors, but we have found that it translates well to volunteer Board service. Not one work styles is necessarily better than another; however, experience has indicated that for people in leadership positions, having a strong D or i work style is important. Note that either of these work styles could successfully be combined with each other or another work style.
- CliftonStrengths. A 177-question online questionnaire that takes a measurement of the subject’s natural talents within 34 predesignated themes. The assessment enables the subject to discover what they naturally do best and learn how to develop their talents to suit their current and future roles.
No matter which components you opt to include in your Director Skills Assessment, Quantum Governance analyzes your results and provides you feedback via two different reports, including:
- An Individual Director Skills Assessment Report for each Board member that includes a summary of their self-assessment results on (1) their performance as a Board member compared to the average of their colleagues’ self-assessment results, (2) their self-assessment on the various Knowledge Centers compared to their colleagues’ self-assessment results and (3) the percentage of multiple choice and true/false questions that were answered correctly.
- A Director Skills Assessment Summary Report which synthesizes the results from the aggregated scores of all Board members’ self-assessments. The results also highlight the perceived expertise on the various Knowledge Centers and the average percentage of multiple choice and true/false questions. A summary matrix that shares and compares individual results for the Knowledge Centers and Demographics is also included for use by the credit union’s leadership for planning purposes.
Quantum Governance will review your credit union’s overall results in a one-hour telephone briefing with two to three of your credit union leaders. Quantum Governance is also available to deliver your results in person and provide applicable training to your full Board. Additional costs apply.
Help your board thrive, get started now. Contact CUES at 800.252.2664 or 608.271.2664, ext. 340, or email email@example.com.