The importance of regular Board Performance Reviews has been
recognised across numerous industries and sectors, with many
organisations expected to perform an informal internal review
annually, while others must also ensure that a formally documented,
if not an external review, is performed on at least a tri-annual
basis.
It is notable that the principle of proportionality features
much more predominantly in the requirements that apply to
organisations operating in the private sector, where the need to
perform a Board Performance Review is often a function of the
organisation's market capitalisation or the risk they pose to
the wider economy. In comparison, organisations operating in the
public sector are subject to a blanket requirement to perform
internal and external reviews, regardless of their scale or
size.
