What is a Board Management Maturity Model?

A model of board management maturity is a method used to assess how well your board of directors is managing itself. Its purpose is to help the board members improve their performance and make the business more efficient. The process usually includes a self-reporting questionnaire followed by a discussion with consultants who interpret the results. Most models www.healthyboardroom.com/how-to-choose-the-best-software-solution-for-your-data-security-needs/ use a three-to-five level scale to evaluate different aspects of the performance of your board. The first level is characterized by impromptu processes without formal standards or alignment, while the third and the second levels have more well-defined and included processes.

The most important thing to consider in any maturity model is how it places a high priority on learning for your board. When you know what your board’s current level is it is simple to determine the capabilities you need to learn next. Certain models also include generalized estimates of how long it takes to advance a particular level (e.g. «a level change is approximately six months and a reduction of 25% in productivity»).

The majority of boards start at the bottom of the maturity scale those who are grudgingly obedient who understand their responsibilities and personal risk. They aren’t willing to put more than their minimum time and resource into governance as it diverts attention from their ‘proper jobs’ of managing.

They are the people who have to be forced to accept that governing is a distinct and very different job from executive management, one which requires professional development and assessment and the appropriate funding. It is a risky endeavor that tests your understanding, imagination and willingness to consider taking risks against a messy and interlinked external world of politics, physical environments economics, social and demographic trends and technology advances.