A board management maturity model is a tool hop over to this web-site to assess how well your board of directors manages itself. Its goal is to assist board members improve their performance and make the company more efficient. The process usually involves the self-administration of a questionnaire, followed by a consultation with consultants to interpret the results. Most models use three to five levels to evaluate the various aspects of the board's performance. The first level is characterized by impromptu processes without formal standards or alignment, while the third and the second levels are more defined and included processes.
The most important feature of any maturity model is how it is designed to prioritize learning for your board. Knowing the maturity level of your board helps you determine what skills you need to acquire next. Certain models also include generalized estimates of the time it takes to advance one particular level (e.g. "A level change can take about six months, and it results in an increase of 25% in productivity".
Most boards start at the bottom of the maturity scale. They are the least compliance-oriented ones who understand their responsibilities as well as the risk they face. They are hesitant to invest any more than the minimum amount of time and resources in governance because it takes away from their "real jobs" of managing.
They must be made to realize that governing, is a distinct, distinct, and distinct job, is not the same thing as executive management. It requires a totally distinct level of professional development, assessment, and funding. It is a risky endeavor that tests your knowledge of the mind and ability to consider taking risks against the complex and interconnected external world of physical environment, politics economics, social and demographic trends and technology advances.