Beyond Skill Matrices: Enhancing Board Effectiveness Through Director Purpose Declarations

Massimo Garbuio
Jun 25, 2024
1 min read

Skill matrices were introduced with the goal of aligning board experience and expertise with the company's strategy. Given the many public battles for board overhauls, from Disney to Tesla and BlackRock, are they still fit for purpose? Here we propose Purpose Declarations as a way to overcome the drawback of hiding a director's skills in a board matrix.

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