Director’s Inventory is an assessment and development process. It is used by board candidates and sitting directors for selection and development applications DI is an assessment tool which measures crucial board-related competencies important for effective board participation. Results provide a picture of a candidate’s readiness and fit for board service compared to the BoardQuest model of director competency or in tailored cases compared to a company’s model. About 25 minutes is required to complete DI on line, Director’s Inventory examines an individual’s competencies beyond what can be presented on a resume or bio. DI taps a candidate’s competency in areas dealing with mental abilities, personal style and temperament, interpersonal skills, and their work focus. DI aids a board or a board candidate make a decision about readiness and fit for service on a Board.

DI also provides direction for candidate development. As a very important aspect of the DI process, candidates receive detailed recommendation about personal awareness, competency strengths and developmental suggestions.In those cases where a Board has invited a candidate to take DI, the Board gains valuable information about a candidate’s capability plus their readiness and fit for board service.

DI helps candidates and boards make prudent choices about appointments.

How Director’s Inventory Works. For Candidates

BoardQuest candidates choose to take Director’s Inventory. DI is administered on-line withfeedback results coming back to the candidate immediately. If a candidate has chosen the support of a BoardQuest advisor, this advisor also receives the assessment profile plus the developmental feedback and suggestion. These data are used throughout the coaching process between the candidate and the advisor for individual development —-to better prepare the candidate for board recruitment activities and eventually board service.

Candidates report that the DI process better prepares them to answer questions from search committees as well as formulate and ask questions of a Board. Note. With the candidate’s permission, DI results can be shared with prospective Boards.

How Director’s Inventory Works. For Boards. Boards use Director’s Inventory in three ways:

1. Assess candidates for Board Service. A Board interested in a slate of candidates for its board, may invite these candidates to take Director’s Inventory. Feedback from DI is sent to a designated member of the board, as well as the candidate. Board’s find the feedback data valuable in assessing a candidate’s readiness and fit. Boards find that DI information is useful in preparing important interview questions for candidates.

2. As a component in a Board development program. As a key part of a Board of Director off-site or development session, individual Directors take Directors Inventory and receive confidential feedback. The real value comes from confidentially compiling individual profiles into an overall board composite profile. No names are ever posted.

Then in a group session, the Board with the assistance of a BoardQuest facilitator reviews the composite profile to identify areas of board strength as well as existing or emerging competency gaps deserving attention. The facilitated process aids Boards in charting actions plans which will enable the Board to further capitalize upon its identified strengths and then focus on other areas needing development or at least further discussion. Boards report that these sessions improve decision-making, group dynamics and director satisfaction.

3. As a center piece in Board composition or succession planning. As an early step in planning the competency profile for the recruitment of future Board members, Boards find the DI process valuable. Comparison of their current composite competency and skills matrix versus future needs requirements, aids the Board in targeting its recruitment focus. BoardQuest calls both #2 and #3 a Team Engineering workshop.

Need more information?

Please contact BoardQuest for a confidential conversation about your needs and expectations.

DIRECTORS INVENTORY