Branson Bank
Board Assessments
Challenge
Branson Bank is a respected, locally-owned and managed community bank in Branson, MO. Its mission is to help customers, colleagues, shareholders, and community prosper. Branson Bank Board Chair, Peter Peitz, engaged Westover Strategy to provide ongoing support for the bank board, in conjunction with the high-performance board toolset previously developed with Westover.
Approach
Westover Strategy conducts self-assessments and peer-assessments with all board members annually. After the results are analyzed, each board member receives summaries of the self-assessments and their individual peer-assessments, along with composite summaries as context. The information is designed to identify improvement opportunities for each board member and the board overall.
Results
The assessments reflect significant and continuing performance enhancement of board members and the board overall. The combination of individual assessments by the members and their peers provides constructive feedback for the board to continue its high-performance board journey. The board welcomes the opportunity to focus on continuous improvement, for the benefit of the bank's customers, associates, community, and shareholders.
The Board of Branson Bank has truly become a “High-Performance Board” due to the outstanding guidance and leadership of Susan Byrd! The concept of becoming a high performance board was new to all of us but with Susan’s experience she walked us through the process and with the development and utilization of a Strategy Map we now have a clear direction for our company for years to come. I would highly recommend Susan Byrd to assist your company in planning its strategy, you will not be disappointed with your outcome!”
The annual board assessments are an important tool as we continue our high-performance board journey. The board spends an hour of board time a year to analyze itself individually and jointly. The results have brought about cohesiveness and clarity. The assessments show continuous improvement, even as we raise our expectations. The board is proud to spend the time on this important process for the benefit of Branson Bank and its stakeholders.