Last post May 2, 2007 10:03 AM by debbie74. 1 repiles.
Dear Fellow Professional,
Can any one help me with a performance evaluation (appraisal) form where the Board of Directors can evaluate the COO. I believe it is different from the usual appraisal forms used to appraise employees.
Hello ash,Normally, the President is not given the usual Performance Evaluation. The President remains based on the trust and confidence of the Board of Directors. If your board wants to have some tools to evaluate the President's performance, I suggest the following approach: Upon appointment as President, he should be given specific goals or objectives for the next 5 years. These goals and objectives are further broken down into years and quarters. Generally, the objectives are financial and profit objectives. At the end of each year, the Board decides whether the president and his team attained the planned objectives and decides how much bonus the president will receive. The Board should establish the performance expectations and make sure the President is informed. By the way this does not apply if the President is the owner of the company. Regards
Dear Professionals,Being the COO, his performance can't be measured...simply can't be. The company should decide the path on which it wants to GROW. There should be objective numerical related parameter like Growth of Revenue, Growth of Profit, Specific criteria like Planning and measurement against Forecasting. I suggest there should be another OWN COMPETENCY based parameter, where the decision would be to the President to decide - there various HR parameters can be taken.. Welcoming other views...
COO's performance can be measured on parametres like:- 1. Profits/Business achievements vs. forecast 2. Market Share/Market growth/Branding 3. Customer (Internal/External) Satisfaction level 4. People Productivity 5. Leadership attributes etc.