Boards should expect their fair share of tough decisions but can boards improve the quality of their decision making? Bob Semple, a faculty member with the Corporate Governance Institute and member of the Governance Advisory Council, believes that yes, through the ability to ask great questions, they can. Drawing on both his experience as a chair/director and on recent research, Bob will provide guidance on how boards can exercise better judgement to make smarter decisions.
Good questions, put forward at board meetings, will lead to better decisions. Can you learn how to ask better questions that will lead to better outcomes? “In conducting reviews of board effectiveness, I often find that boards can improve the quality of their questions and their decisions,” says Bob Semple. It is important for boards and directors to exercise independent judgment in a structured manner. Professor Andrew Likierman, the Professor of Management at London Business School, identified six key elements that board members, as directors, should take into account when exercising independent judgment.
- What I take in
- Who and what I trust
- What I know
- What I feel and believe
- How I make the choice
- How I act on the decision
Bob Semple has more than 40 years’ business experience working as an accountant, auditor and management consultant.
For 36 years, he worked in PricewaterhouseCoopers where, most recently, he was partner responsible for governance and risk management services. He now works as a director and as an independent consultant – specialising in governance, risk management and board effectiveness reviews. Bob is a science graduate, a Chartered Accountant, a Chartered Director and a Certified Psychometric Evaluator.