Surveys 2013 June V Vital Board Self-Assessment

Vital Board Self-Assessment Board Self-Assessment Questionnaire

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Exit Survey

OVERALL Strongly Agree Agree Undecided Disagree Strongly Disagree 1. The board is firmly committed to being held accountable. 2. The board has critiqued, questioned, and approved management's corporate strategy. 3. The board can clearly articulate and communicate the company's strategic challenges. 4. The board ensures superb operational execution by management. 5. The board focuses on management succession and aligns CEO leadership with the company's strategic challenges. 6. The board and the compensation committee foster an aggressive value-driven and performance-oriented culture that aligns officer compensation with long-term performance and innovation. 7. The board is knowledgeable about competitive factors, including customer satisfaction. 8. The board ensures that the management team is responsive to market forces. 9. The board is strategically involved in merger and acquisition discussion's, and ensures management's execution in those areas.     THE RIGHT PEOPLE Strongly Agree Agree Undecided Disagree Strongly Disagree 10. The board's independent directors have a wide range of talent's, expertise, and occupational and personal backgrounds. 11. The board's independent directors are independent-minded in dealing with company issues. 12. The board is intolerant of mediocrity in management and board effectiveness. 13. Directors do what is best for the corporation and shareholders regardless of countervailing pressure.     THE RIGHT CULTURE Strongly Agree Agree Undecided Disagree Strongly Disagree 14. The board encourages a culture that promotes candid communications and rigorous decision making. 15. Directors and managers work together to achieve "constructive interaction" - a healthy atmosphere of give and take.     THE RIGHT ISSUES Strongly Agree Agree Undecided Disagree Strongly Disagree 16. The board focuses on activities that will help the company maximize shareholder value. 17. The board consistently focuses on corporate strategy. 18. The board and management act in concert, while showing fidelity to their respective roles.     THE RIGHT INFORMATION Strongly Agree Agree Undecided Disagree Strongly Disagree 19. Directors study and understand relevant information in order to spend their time effectively and make informed decisions. 20. Director requests for information are reasonable in amount and time frame, enabling thorough and prompt replies.     THE RIGHT PROCESS Strongly Agree Agree Undecided Disagree Strongly Disagree 21. The board has composed a description of specific duties, goals, and objectives, and measures its performance against those responsibilities. 22. The board has designated an independent committee to monitor board composition and operations.     THE RIGHT FOLLOW-THROUGH Strongly Agree Agree Undecided Disagree Strongly Disagree 23. The board effectively follows through on its recommendations developed during the evaluation process. 24. Evaluations lead to a clearer understanding of what the board must do to become a strategic asset. 25. The full board agrees on and approves actions to address in areas in need of improvement. 26. The board initiates action plans with specific time lines for implementation of recommendations, and monitors progress.