In the opening chapter of Boardrooms in Transition, IMD professor and globally recognized governance expert Didier Cossin examines why so many boards fail—not because they lack information, but because they fail to act on what they already know. Drawing on his experience advising boards around the world, Didier explores the human dynamics that prevent organizations from making difficult decisions and the courage required to lead through uncertainty.

We also discuss:

• Why governance structures alone do not guarantee better decisions

• The "gray rhino" risks boards see but fail to address

• Why information—not talent—is often the weakest link in governance

• The role of AI in helping boards become better sensing organizations

• Why courage and psychological safety matter more than compliance

• How the best boards move from deliberation to action

As we begin the series, Didier reminds us that boards rarely fail because they lack data. They fail because they hesitate. In a world moving faster than ever, the greatest risk may not be making the wrong decision—but failing to make one at all.

Boardrooms in Transition: www.boardroomsintransition.u-path.com
Inside CVC: www.u-path.com/podcast
U-Path Venture Advisors: www.u-path.com

Acknowledgments
Special thanks to Grammy Award-winning saxophonist and composer Wayne Escoffery for lending his music to the soundtrack of Boardrooms in Transition. A member of the Yale School of Music faculty and one of the leading voices in contemporary jazz, Wayne's work helps bring this series to life. Learn more about Wayne and his music at www.wayneescoffery.com.

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