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What templates or checklists are available for boards to support the development of a Strategic Balanced Scorecard?

There are many balanced scorecard templates and checklists on the web that are available for organisations and boards.

Whilst we think that a template or checklist can give you a good starting point, you cannot assume that the template will be a good fit for your organisation. Having a good scorecard is essential to oversee the execution of strategy, but it’s the discussions and debate in relation to what should be included that are most important. If directors and executives develop a shared understanding of why specific measures are essential, then oversight and performance are likely to be enhanced.

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Key components of a board effectiveness survey include questions on board composition, meeting effectiveness, decision-making processes, leadership quality, director engagement and the board’s relationship with management. The survey may also assess the board’s understanding of the organisation’s strategy, its oversight of risk management and its adherence to governance best practices. These components help provide a comprehensive view of the board’s performance.

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