A model of maturity for the board is a tool to evaluate how well your board of directors manages itself. Its goal is to assist board members improve their performance and help make the business more efficient. The process typically involves the self-administration of a questionnaire, followed by a consultation with consultants to interpret the results. Most models employ a three-to-five levels scale to assess various aspects of the performance of your board. The first level is characterized by impromptu procedures that do not have formal standards or alignment, whereas the third and fourth levels have more well-defined and documented processes.
The most important feature of any maturity model is how it prioritizes your board’s development. Knowing your board’s maturity level helps you determine the skills you’ll need to learn next. Some models include generalized estimates of how long it will take to go to a higher level (e.g. “a level change will take about six months and 25% reduction in productivity”).
The majority of boards begin at the bottom of the maturity scale, the grudgingly compliant ones who know their responsibilities and personal exposure. They aren’t willing to put more than the minimum amount of time and money into governance because it distracts from their “real” tasks of managing.
They must understand that ‘governing,’ is a distinct, distinct, and very different job, is not the same as executive management. It requires a totally distinct level of professional development assessment, evaluation, and funding. It www.healthyboardroom.com/is-your-team-ready-to-handle-a-board-crisis/ is a high-risk activity that tests your knowledge, imagination and willingness to take considered risks against an unorganized and interconnected external world of politics, physical environments, economics, social and technological developments and demographic trends.
Leave a reply