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One Minute Governance

One Minute Governance

Business:Management

208. Have we empowered our directors to do a great job? (Question #6)

208. Have we empowered our directors to do a great job? (Question #6)

2024-07-18
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This season, every episode of OMG focuses on a question that directors really need to answer.

OMG is written, produced, narrated and scored by Matt Fullbrook.

 

TRANSCRIPT:

Question #6: Have we empowered our directors to do a great job? It’s one thing to define what doing a great job means, like we did in the last episode. It’s a whole nother thing to figure out what it takes to empower every individual in the room to feel like they can do a good job without too many obstacles. Obstacles come in countless shapes and sizes, so let’s use an example to illustrate. Let’s say we’ve decided that one of the things that makes a director great is their willingness and ability to change their mind when presented with new and relevant information. Some obstacles here are nearly invisible, like confirmation bias, which is a quirk of human cognition that causes us to overvalue information that tells us we’re right…even if that information isn’t reliable or accurate. So, you can see how confirmation bias might make it hard for someone to change their minds based on new information. Other obstacles might be social, like the fear of looking or feeling like a hypocrite or seeming indecisive or doubtful. You can also imagine the time constraints of a board meeting might make people less likely to even want to consider new information in the first place, let alone to take the time to question their beliefs. In other words, empowering directors to be great might require us to be intentional about information, time allocation, social dynamics, personality management, and more. But we won’t know exactly what to be intentional about, or how, if we don’t take the time to learn about each other’s preferences and expectations. Hence this week’s question. Another way to put it is: what would it take for *you* - and each of the other people in the room – to feel comfortable, and even excited to do the things that make a director great?

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More Episodes

ANNOUNCEMENT: Sound-Up Governance is back on January 20th
2025-01-08 422
252. Season 5 wrap-up
2024-12-19 274
251. What is the point of the question I'm about to ask?
2024-12-16 194
250. What, specifically, are we going to do better next time?
2024-12-12 164
249. Are we compromising instead of being intentional?
2024-12-09 160
248. Is the way we do things valuable for our owners/members?
2024-12-05 147
247. Is the way we do things working for management?
2024-12-02 142
246. Is the way we do things working for my fellow board members?
2024-11-27 149
245. Is the way we do things working for me?
2024-11-25 139
244. What are we excited about?
2024-11-21 133
243. What are we afraid of?
2024-11-18 137
242. Is the way we do things likely to make the world a better place?
2024-11-14 142
241. How much should we obsess over our customers' needs and desires?
2024-11-11 163
240. How well do we really know and trust each other?
2024-11-07 171
239. What's one thing we do that's completely useless?
2024-11-04 164
238. What are three things we wish management would explain to us in greater detail?
2024-10-31 159
237. What are three things we wish management would explain to us in simpler language?
2024-10-28 163
236. Are we sure we use our experts well?
2024-10-24 166
235. What's at the top of our expertise wish list?
2024-10-21 162
234. How might we empower our loudest directors to be better listeners?
2024-10-17 156
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