Boards comprise humans who, by definition, are riddled with individual and collective flaws. This session will highlight these hidden traps and how best to manage them to ensure good governance.
Duration - 60
Risk managers will always tell you that the weakest link in a system is the operator. The same is true in boards, as they comprise well-intentioned and motivated individuals who, by definition, are flawed.
This situation is made more precarious when people come together to form a board, council, or committee, as the group then takes on a personality of its own.
This session will explore the many biases that we as individuals carry, as well as those that impact the functioning of a board director.
The webinar will cover:
- Ways directors can manage and mitigate the impact of these ‘frailties’ to reduce risky consequences.
- Pitfalls that board/council/committee members can fall into.
- A look into the sobering warnings directors should consider when recruiting new members and making important decisions.
Through a greater understanding of the psychology of good governance, directors can ensure they perform their roles lawfully and to the best of their abilities individually and collectively.
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