In the first episode of The Resolution podcast by BoardOutlook, panelists Steve Pell, Tessa Bamford, Louise Pocock, and Tania Cabrera explore board evaluations and board culture dynamics. They highlight the Chair's critical role in creating an environment that encourages directors to challenge and contribute effectively.
Tessa emphasises the need for cognitive diversity to prevent groupthink, while Louise critiques current board recruitment practices as too simplistic. The discussion reveals a significant gap between board and management perceptions, particularly regarding success probabilities and director contributions, underscoring the need for more engaged and insightful board involvement.
Full transcription and data discussed in the episode available here: https://boardoutlook.com/theresolution/podcast-what-are-the-greatest-risks-to-board-culture-in-global-large-cap-firms