Sample Long-Term-Oriented Performance Metrics
In brief: This collection of metrics can help boards develop a more meaningful dashboard to track long-term performance of their companies. While the list is not intended to be comprehensive or exhaustive, board members can use it as a reference in discussions with management and fellow directors about developing new performance indicators. Some metrics might be most appropriate for discussions at the committee level, e.g. audit, compensation, finance, health and safety.
This resource can help your board:
- Institute new metrics to track progress against long-term strategy
- Develop non-financial metrics in a number of categories, such as operations, talent, R&D, and company culture, to ensure sustainable corporate growth
- Validate current performance metrics for top-management
Most relevant audiences: board chair or lead director, nominating and governance committee, and compensation committee