Table Management Decision Making

Boards are making a lot of choices — as well as the number is merely getting greater. These are decisions with high stakes, a lot of uncertainty and are not the sort of thing you may delegate.

Suzanne Nimocks: I do believe it is very important with regards to the table to have a solid decision-making method that allows those to do the job they are really paid you need to do and help administration teams make good decisions. A good process will include things such as challenging the assumptions, playing devil’s advocate and helping management produce alternatives. It will likewise incorporate tips for avoiding groupthink (eg brainstorming, Six Considering Hats, Disney Planning Approach etc).

This could be helped with the utilization of tools such as RACI, and the board could have a formal procedure to decide which in turn issues work for its input. It might also use the output from a board retreat or the do the job of committees that have been requested with certain decisions, to ensure that the decision is the decided risk cravings and have been informed by all the advice it has received.

Leigh Weiss: I believe the key is to take a step lower back from the certain decision you are facing and consider, on one hand, the scope https://boardmeetingtool.net/board-chair-responsibilities/ of the potential impact (what’s at risk) and, alternatively, the level of conviction about if it will happen. This helps you prioritize the best places to spend time and ensure that the plank is making a superior quality decision based upon the best info offered.