The board of directors represents and monitors the owners’ interest. Hence, the board should be competent in deciding crucial strategic decisions for the business. The chairman of the board is obligated to ensure the board’s sufficient competence and proper compilation. Board assessments are an excellent tool, which may support chairmen in this process. The aim of the assessment is to provide a clear understanding of the board as a whole to you as a chairman, either for ensuring the board’s sufficient expertise or branch know-how, or for identifying potential competence gaps. Through board assessments, a culture of reflection and assessment of the board’s working methods is created, which will strengthen your agility and flexibility, as well as prepare you for future challenges.