Board decisions need to be guided by quality information that drives conversation, and allows evaluation of decisions from multiple perspectives. Discover ways directors and management can overcome bias to ensure board papers are well-informed and appropriately considered for decision and resolution.
Expiry Date - Monday, 14 October 2024
Duration - 60
Even with the best intentions, how board papers are framed can bias director thinking and decision making. Boards must ensure that a ‘framing effect’ in board papers does not influence but allows the boards to evaluate their decisions from multiple perspectives to result in a well-informed decision and resolution.
This webinar will look at ways to overcome any ‘framing effects’ and cover:
- The ‘framing effect’ in board papers and identifying bias in board decisions
- Other sources of bias including conflicts of interest, unconscious bias, and a natural predisposition to approach problem solving
- Ways to avoid bias through combined strategy and risk considerations and scenario analysis within board decision papers.
- What questions, data and analysis should be considered by management when framing and constructing a key decision paper for the board
- An example of a framing approach working through its application to a contemporary board decision.
Whether you’re a director reading board papers, or an executive preparing them, having an awareness of appropriate structures, framing criteria, and potential bias will improve the decision-making capacity of your board.
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