Effective Board Decision Making

Course aim
Corporate failures in the last few decades have come in various disguises; whether it be failure to manage risks or to provide a firm strategy; better governance is required at all levels. Such changes required, need to go to the heart of a board’s work, and making the choices that will shape a company’s future could be a difficult one. This highly interactive programme will give delegates an opportunity to re-vamp their own decision-making processes by using governance best practices to help future proof your company.

Who should attend?
This course is aimed at directors, keen to develop the requisite skills to learn about current best practices to making informed decisions with confidence.

What to expect
You will reflect on your own decision-making processes and how to introduce enhancements based on sound governance and best practices.

Provides practical, real-life examples to focus on the modern-day challenges faced by the board.

Programme

• Introduction
  • Course Leader and participants (Getting to know who is in the virtual room)
  • What is of particular interest to you and why?
• Tools and techniques for decision making 
  • Human and behavioural science aspects of decision making
  • Role of decision models
  • The main drivers of good and bad decisions
• Building consensus
  • Aligning to strategy and managing risk
  • Learning from mistakes
• Making sound decisions, overcoming barriers
  • Best practices and flaws in decision making
  • Understanding when to compromise
  • Balanced decision-making with commercial and financial rigour
  • Embedding strategy and risk in decision making
• Defining success and reporting
  • Decision choices, making decisions
  • Data structures and technology
  • Decision biases including social and psychological biases
  • Dysfunctional decision-making

Course objectives
Participation on this course will enable you to:

• Reflect and improve your board governance
• Gain insights on challenges faced by the board
• Increase your confidence in decision making
• Align with your own corporate goals
• Widen your perspective to cover business, social and economic landscapes