A new board member asks, "How do we know that the board is doing a good job?" You reply, "Good question! The answer isn't easy, but there are several important indicators..."

Question $1$ options:

$1)$

"Strategic scorecard measures $($exhibit $4\mathrm{.}3)$ are good and improving."

$2)$

"The board works at its own self$-$evaluation."

$3)$

"Board members themselves are comfortable with process and results."

$4)$

"Conflicts of interest are in the record but also announced for relevant issues."

$5)$

All of the above