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SUMMARY:"Groupthink at Play in the Boardroom… and the Art of Challenging Consensus"
DESCRIPTION: \n\n\n\n\n\nDana R. Carney, Ph.D. \nAssociate Professor Psychology, UC Berkeley’s Haas School of Business\n\nNeil Kurtz, M.D.\nPresident & CEO, Golden Living; Director, Medidata Solutions, TeamHealth\n\nMagda Marquet, Ph.D.\nChairman and co-Founder, Althea\n(moderator)\n\nJohn Mutch \nManaging Partner, MV Advisors LLC; Director, Agilysys, Inc, Aviat Networks, Quantum Corp.\n\n\n\n\nAGENDA:\n7:00 am to 7:30 am Coffee & Peer Networking\n7:30 am to 9:00 am Breakfast & Program\nACCREDITATION:\nAll participants may receive 1 hour of MCLE and CPE education credit. Click here ( https://directorsforum.com/programs-and-events/continuing-ed-credits/ ) for more details.\n\nIt’s a safe bet. No board or committee on earth has not succumbed to the siren call — and perils — of groupthink.  While directors don’t need to be “buddies” for a board to function well, there has to be mutual respect and a decent amount of collegiality, because boards must ultimately reach consensus to make decisions.  That’s where it can get tricky.\nWhile former Enron CFO Andy Fastow took the lion’s share of blame for the demise of Enron, he warned about the reluctance of board members to challenge decisions, analysis, conclusions; and the inclination at times to go with the flow and be quick to agree with management and other board members. He recommended a need for more “professional skepticism”. While Enron is an “extreme” example, every board is at risk.\nSidestepping the landmines:\n\nWhere is the line between individual thinking and the  pursuit of cohesion or consensus?\nWhat if it leads to pressure to conform?\nHas the group truly considered a range of alternative courses of action?\nIs there a dominant director on the board?\nWhat is the role of the chair in keeping groupthink in check?\n\nBecause most important decisions in business are made by committees, vigilance of the process is required. Companies succeed or fail based on the mastery of group and human dynamics.\nOur group dynamics expert will walk through how it happens, and our other panelists will share personal experiences as activist investors, directors, CEOs and chairmen. If you think it couldn’t happen to you, beware!\n\nClick here for Corporate Member Registration ( mailto:ojepsen@directorsforum.com )\n\nTHANK YOU TO OUR SPONSOR\n\n
URL:https://directorsforum.com/event/groupthink-at-play-in-the-boardroom-and-the-art-of-challenging-consensus/
CATEGORIES:Members-Only Breakfast Program
LOCATION:3777 La Jolla Village Dr, San Diego, CA 92122
ATTACH;FMTTYPE=image/jpeg:https://directorsforum.com/wp-content/uploads/2023/12/Challenging-Consensus.jpg
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