The Board Management Maturity Model

Over time, the way in which a board conducts itself – how it prepares for meetings, examines issues, produces reports, and manages changes, data, and other information. Aboards don’t know this, but a maturity model can help them track their progress.

A board maturity assessment is more thorough and comprehensive than an annual review. These assessments also provide boards with a clear roadmap to take them to the next level of governance maturity.

The majority of boards start at the bottom of board management maturity. These are boards that are not compliant that recognise their responsibilities and publicity but find governance like an overriding burden on their ‘proper tasks of managing the company. The first step is to shift boards away from seeing governance as a burden for the administrative and towards gaining an internal competency in strategic thinking.

Models of maturity usually have three to five levels that assess the quality of governance practices within a business. They evaluate domains such as the supervision of risk, board management and stakeholder engagement. The first stage, called Level One, is typically established by unplanned processes without formal standards and alignment while the third and second stages are characterized by more clearly documented and well-understood methodologies. These methodologies may comprise interviews, benchmarking or click this over here now questionnaires. Interviews can show the team’s passion and commitment to a particular process while surveys conducted by a third party independent are more methodical. They also give more of a complete image of a board’s current maturity level.