The most important act many boards perform is hiring the CEO. That in itself may be a strong enough argument for adopting a CEO appraisal process. In his CUES Webinar, "A Pivotal Investment: The Importance of CEO Assessment to CEO and Credit Union Success," David Renz, PhD, offered many additional reasons why CEO appraisal is an important part of the board governance process. These are: 1. enables strong communication, 2. supports essential leadership roles for the organization, 3. facilitates a strong and well-rounded relationship, 4. enhances accountability and transparency, 5. gives way to equity and fairness, 6. builds board capacity, 7. enhances CEO professional development, 8. motivates by celebrating and rewarding accomplishments, and 9. protects the CEO and the credit union as an organization.
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