“RANK AND YANK” EVALUATION FOR CORPORATE BOARDS?
In the business world and the military, it goes by various names — “rank and yank,” or “up or out,” but the process is similar. Employees are evaluated with a goal of continuous improvement, and those at the bottom of the rankings are regularly culled.
The December issue of online monthly Boardroom INSIDER notes one area of business that this jungle approach to boosting performance is never seen — in the boardroom. “What if a board tried a version of Rank and Yank in evaluating its own members?” BI publisher Ralph Ward writes in a think piece. He posits that board members could give each other objective, numerical scores for job effectiveness, with the “two lowest scorers asked to leave.”
Ward admits this approach would be “outrageous” in most boardrooms — but might be the best way to prod ongoing corporate board refreshment.
Other articles in the December issue include:
Rip up your current board agenda — 5 ideas.
Post-retirement board seats as your second career.
Audiobook edition of Ralph Ward’s Board Seeker Guidebook now available.
Q&A: How can we head off CEO expense policy headaches?
NOW ON AUDIOBOOK.
— Here’s why you have more “board experience” than you think (and why your current resume hides it).
— How women can jump the career obstacles they face into the boardroom.
— Finding your board search mentors and networks.
— How board searches really work (and how to turn flaws in the process to your advantage).
— Gaining the attention of board contacts and search firms.
— Prepping for a board interview… and for your first board meeting.