Sample Board Skills Matrix

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:

1. 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.
2. 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.
3. 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.
4. 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.

Inside this package, you'll find:

• a blank Excel template for creating your board skills matrix
• some industry-specific board skills matrix samples, including different rating scales
• a sample "observable indicators" reference chart

Check out our Complete Checklist to Creating and Using a Board Skills Matrix for the detailed process your board of directors can take to work through this process together and put your board skills matrix to good use.