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STRATEGIC BOARD COMPOSITION MATRIX Enhanced board recruitment is one way to shift away from solely focusing on fund raising and oversight and embrace all of the opportunities for exceptional board
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How to fill out strategic board composition matrix

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How to fill out strategic board composition matrix

01
Identify the key competencies required for the board composition.
02
Assess the current composition of the board against the identified competencies.
03
Identify any gaps or areas for improvement in the current board composition.
04
Develop a plan to fill these gaps by recruiting new board members or providing training to existing members.
05
Regularly review and update the board composition matrix to ensure it remains aligned with the organization's strategic goals.

Who needs strategic board composition matrix?

01
Organizations looking to improve the effectiveness of their board of directors.
02
Companies undergoing a period of growth or transformation.
03
Any entity seeking to enhance board diversity and inclusivity.
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The strategic board composition matrix is a tool used to evaluate the current composition of a company's board of directors in terms of skills, diversity, and experience.
Publicly traded companies are generally required to file a strategic board composition matrix with regulatory authorities.
The strategic board composition matrix is typically filled out by collecting information on each board member's background, skills, and experience.
The purpose of the strategic board composition matrix is to ensure that the board of directors has the necessary skills and diversity to effectively govern the company.
Information such as each board member's name, education, experience, and areas of expertise must be reported on the strategic board composition matrix.
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