What is a Board Management Maturity Model?

A board’s maturity is a tool that can help to assess how your board is managing itself. Its goal is to assist board members improve performance and make the company more successful. The process usually involves the self-administration of a questionnaire after which a meeting with consultants to analyze 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 characterised by impromptu processes without formal standards or alignment, whereas the third and fourth levels have more identified and defined processes.

The most important aspect of any maturity model is the way it prioritizes the board’s learning. If you know your board’s current state is it is simple to identify the skills you’ll require to acquire next. Certain models offer generalized estimates of how long it will take to move to a higher level (e.g. “A level change takes about six months, with a 25% reduction in productivity”.

The majority healthyboardroom.com of boards start at the lowest level of maturity and are the ones that are reluctantly acquiescent who are aware of their responsibilities and personal risk. They are reluctant to devote more time and resources than is needed to governance because they are unable to focus on their more important tasks of managing.

They need to realize that governing, is a distinct, distinct, and distinct job, is not the same as executive management. It requires a totally distinct level of professional development assessment, funding, and evaluation. It’s a risky undertaking that requires a lot of imagination, understanding and willingness to take calculated risks in the complicated and interconnected external world of politics and economics.

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