Behind closed doors: decision making in the board room

By Hamish Williams

It’s best to point out up front that boards are not made up of super humans, impervious to bad judgment and in possession of unlimited access to information. Every decision, no matter how well informed is made with a great deal of uncertainty. A decision that may seem like a “good” decision one day may contribute to an unfavourable outcome in the long term due to unforeseen and uncontrollable factors.

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