Board Role in Human Capital Management
By: AchieveMission I Publisher: AchieveMission I Published: 2012 I Resource Added: 2013
This illustrative example can be used as a guide for developing human capital management roles and responsibilities for board members. The example recommends that boards actively monitor HCM goals and metrics, as well as develop systems and processes for performing HCM duties. The example outlines eight key HCM responsibilities for board members, the primary being CEO performance management. In this focus area, boards should prioritize establishing annual performance goals, conducting quarterly performance coaching and discussions, developing a performance review process and discussing the performance review with the CEO. The example also describes how to develop a human capital management committee that leads board efforts around HCM.