A board composition matrix identifies the skills, knowledge, experience and capabilities desired by a board to enable it to meet both the current and future challenges of the entity.

The creation of a board skills matrix is an opportunity for considered reflection and productive discussion on how the board of directors is constituted currently and also how it believes it should best be constituted in the future to align with the strategic objectives of the entity. The board skills matrix should always be tailored to the unique circumstances and requirements of the company concerned. 

While developing your matrix, the trick is to focus on actions needed. Consider what people will do rather than what people are.  This can be done by asking two questions:

a) What are the three most important things for our board to accomplish this year?
b) Do we have the right people on the board to make those happen?

Today’s installment of the board composition matrix mini-series welcomes Deborah Midanek to the discussion. Deborah has more than 30 year’s experience in the boardroom. She currently sits as chairman of 6 different board of directors. She’s the author of The Governance Revolution, a compact guide full of information that every board member needs to know!

 

In today’s episode, Deborah helps us identify the critical information that will help us succeed in the boardroom. She shares with us her broad business background which she leverages in all of her roles. She is most known for her activities as a corporate turnaround CEO and shares all of this knowledge with us today. We discuss these topics and more on this episode of Boardroom Bound.

 

Click here to listen now! 

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