Employment agreements defining job assessments can ensure timely reviews and protect CEOs against surprise swing of the axe
January 22, 2010
By Jonathan Hemmerdinger
Association boards of directors can be reticent to complete CEO performance reviews. After all, a thorough evaluation is time intensive. And honest appraisal often means the inherent discomfort of mentioning or discussing a colleagues shortcomings.
Nonetheless, performance reviews can make a difference to a leaders success. To assure that CEOs receive timely and candid assessments, career consultants and seasoned association executives suggest stipulating basic performance review details in an employment contract.
Multiple sources agree: boards of directorsperhaps even more than staff supervisorsare notorious for postponing performance evaluations, sometimes indefinitely.