Dana R. Carney, Ph.D.
Associate Professor Psychology, UC Berkeley’s Haas School of Business
Neil Kurtz, M.D.
President & CEO, Golden Living; Director, Medidata Solutions, TeamHealth
Magda Marquet, Ph.D.
Chairman and co-Founder, Althea
Managing Partner, MV Advisors LLC; Director, Agilysys, Inc, Aviat Networks, Quantum Corp.
7:00 am to 7:30 am Coffee & Peer Networking
7:30 am to 9:00 am Breakfast & Program
All participants may receive 1 hour of MCLE and CPE education credit. Click here for more details.
It’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.
While 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.
Sidestepping the landmines:
Because 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.
Our 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!
Click here for Corporate Member Registration