What is a Board Management Maturity Model?

A maturity score for board members is a tool that can help you determine how well your board is managing itself. Its purpose is to help board members improve their performance and make the company more successful. The process usually involves a questionnaire that is self-administered followed by a meeting with consultants to interpret the results. Most models use a three-to-five level scale to evaluate different aspects of the performance of your board. The first level is characterised by impromptu processes without formal standards or alignment, while the third and second levels have more identified and documented processes.

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The most important aspect of any maturity model is how it prioritizes your board’s development. If you know what your board’s current level is it is easy to identify the skills you’ll require to acquire in the coming years. Some models also provide general estimates of how long it takes to get to the level at which you are currently (e.g. «a level change is approximately six months and 25% reduction in productivity»).

Most boards begin at the lowest point of their maturity. They are the less conscientious ones who know their responsibilities as well as the risk they face. They are reluctant to invest more than the minimum amount of amount of time and resources in governance as it diverts attention from their primary tasks of managing.

They are the ones who need to be made to accept that ‘governing’ is a distinct and a completely different job from executive management. It requires training and assessment, as well as the appropriate funding. It is a risky endeavor that tests your understanding of the world and your ability to take considered risks against an unorganized and interconnected external world of politics, physical environment economics, social board room soft technological advances and demographic trends.