Decision-making in the visionary boardroom
Reflecting on WCD and KPMG Board Leadership 2018 Thought Leadership Commissioner’s Report
WCD and KPMG have released a new report, Decision-making in the Visionary Boardroom, at the current ongoing Global Institue in New York. The new report explores bias and blind spots in decision-making and addresses how boards can overcome these challenges.
Boards frequently face tough choices as they confront short-term pressures while seeking to guide their companies for the long term. Directors are well-served by processes that enhance the quality of information, the discussion around the issues at hand, and the decisions themselves. Yet a strong decision-making process is, for many directors, an area ripe for improvement. In our fast-paced business world, maintaining a board environment that enables directors to hone in on the right information, avoid barriers to decision such as groupthink and overconfidence, and continuously improve their decision-making processes is not only beneficial as a competitive advantage – it is essential.
The WCD Thought Leadership Commission – composed of 21 directors and advisors of top global companies – has taken on board decision-making in its new report, Decision-Making in the Visionary Boardroom. Developed in collaboration with KPMG, this year’s report taps the Commissioners’ deep experience in boardrooms across the world and provides strategies for boards to sharpen their decision-making capabilities. The mission of the WCD Thought Leadership Commission is to advance key boardroom issues beyond theoretical discussion to practical, actionable recommendations – ones directors can use right away in their next boardroom discussions.
Join us for an evening of reflection and discussion.