A maturity score for board members is a tool that lets to assess how your board is managing itself. Its goal is to help the board members improve their performance and help make the business more efficient. The process usually involves an online questionnaire that is self-administrated, followed by a consultation with consultants to analyze the results. Most models use a scale of three to five levels to appraise different aspects of your board’s performance. The first level is defined by impromptu processes without formal standards or alignment, whereas the second and third levels are more defined and documented processes.
The most important thing to consider in any maturity model is how it prioritizes your board’s learning. If you know what your board’s current status is it is easy to determine the capabilities you must master next. Some models also contain generalized estimates of how long it takes to advance a particular level (e.g. “a level change takes around six months and a reduction of 25% in productivity”).
The majority of boards start at the lowest point of their maturity. They are the reluctantly compliance-oriented ones who understand their responsibilities and the risks they face. They are hesitant to invest more than the minimum amount of time and resources in governance because it takes away from their ‘proper jobs’ of managing.
They must be taught to realize that governing, an entirely different, unique and completely different job is not the same thing as executive management. It requires a totally separate level of professional development assessment, training, and funding. It’s a risky undertaking that requires a lot of imagination as well as your understanding and willingness to take calculated risks in a complex and interconnected external world of economics and politics.
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