Magnetic forces in board decision making

The recent Hayne Royal Commission generated much commentary on the behaviour of banks and other financial institutions, and their preoccupation with profits over compliance (‘performance’ over ‘conformance’) has been a dominant theme. Risk managers in many of these large organisations have been treated as blockers of growth, and consulted late (if at all) when new… Continue reading Magnetic forces in board decision making

The Strategic Cube: improving strategy execution

Non-profit boards sometimes have difficulty seeing their strategic plan reflected in their ongoing regular meeting agendas and interactions with management. Organisations that have integrated their strategic thinking into their structures and operations rarely suffer the problem of forgetting what their strategic goals are. The ‘strategic cube’ illustrated above is one way of conceptualising the influence… Continue reading The Strategic Cube: improving strategy execution

Behind the governance ‘dashboard’

The ‘dashboard‘ metaphor is often used to discuss the role of a board in monitoring key metrics in the performance and conformance of both corporate and not-for-profit organisations. However, this metaphor is only one part of a larger ‘vehicle‘ metaphor, which sees the board ‘steering‘ the organisation towards a destination set via its core purpose… Continue reading Behind the governance ‘dashboard’

IT Governance lessons

As noted in some earlier posts, learning from others’ mistakes is the least painful way of avoiding trouble, provided we can apply those lessons meaningfully in our own circumstances. This latest case study arises from problems encountered in yet another large scale publicly funded IT project.  It offers numerous governance insights, which in my view,… Continue reading IT Governance lessons

Nudging your board towards better decision-making

If you would like to help your directors to be more effective decision-makers, you will find the Behavioural Government report from the Behavioural Insights Team of interest. While it is sub-titled “Using behavioural science to improve how governments make decisions” it could just as readily have been styled “Using behavioural science to improve board governance“,… Continue reading Nudging your board towards better decision-making

Meaningful connections

As we head into the festive season, we re-prioritise family and friends and look to spend ‘quality time’ with them.  It’s also a time when we take stock, and resolve to improve various aspects of our lives – not least our working lives. In discussing the importance of effective workplace communications with one of my… Continue reading Meaningful connections

Hearts and minds in public policy

The importance of restoring regard for kindness alongside hard-headed analysis in public policy deliberations is highlighted in the new Carnegie UK Trust report Kindness, emotions and human relationships: The blind spot in public policy. The report argues “that the great public policy challenges of our time demand an approach that is more centred on relationships;… Continue reading Hearts and minds in public policy