Using the Skill Matrix in an Age of Uncertainty

How can boards determine whether a prospective non-executive director can cope – or thrive – in a future that is undefined? 

THE CHALLENGE

It has become a truism that companies are facing unprecedented uncertainty. The key question for boards is how best to respond. 

This is a major focus of Fidelio's work in building and assessing boards internationally. One clear response that we are seeing across leading boardrooms is a much more critical focus on the board skill matrix. 

Of course, the skill matrix has been with us for some time, but boards have traditionally used this tool unevenly.  

Some included quite superficial analysis in the annual report, while other nomination committees applied the skills matrix rigorously to identify immediate and long-term gaps. 

To read Fidelio's full Overture, please click here.