A board skills matrix is a valuable tool for assessing and improving board composition. It helps identify the skills and expertise needed for effective oversight and maps those against the skills possessed by each board member. Here's how it works:
- Creating the Matrix: Imagine a grid with board members listed along one axis and necessary skills along the other. The matrix cross-checks which directors possess various skills, often marked with an "X" or checkmark. This visual framework provides a comprehensive view of relevant skills required for effective board governance.
- Assessing Current Members: Before recruiting new members, evaluate your current board's skills. Consider both technical and personal qualifications. A well-functioning board knows when to bring in fresh perspectives while leveraging existing director skills and experiences.
- Identifying Future Board Members: Use the matrix to identify gaps. What skills are missing? Who can fill those gaps? Look for a mix of seasoned directors and newcomers to maintain balance. Long-time members offer in-house knowledge, while fresh eyes bring new insights.
- Succession Planning: The matrix streamlines succession planning. It guides you in selecting board members who complement existing skills and contribute to the organization's long-term goals.
We've put together some board skills matrix samples to help you get this into action. A simple excel spreadsheet gives you the starting place to customize from, and the accompanying PDF is our extra guide for you as you navigate adjusting and implementing the matrix for your board for the best results. You'll find both below.
Even better: we're building out multiple samples for different use cases. Currently we've got options for:
- A Sample Board Skills Matrix for Agriculture and Regulatory Boards
- A Sample Board Skills Matrix for Tech Companies
**Is there a use-case you'd like to see? Pop us a note at hello@orghealthteam.com and make a special request. Customization is the name of our game.