Bias in board papers - Overcoming framing in decision making

Even with the best intentions, how board papers are framed can bias director thinking and decision making. Boards must ensure that a ‘framing effect’ in board papers does not influence but allows the boards to evaluate their decisions from multiple perspectives to result in a well-informed decision and resolution.

This webinar will look at ways to overcome any ‘framing effects’ and cover:

• The ‘framing effect’ in board papers and identifying bias in board decisions
• Other sources of bias including conflicts of interest, unconscious bias, and a natural predisposition to approach problem solving
• Ways to avoid bias through combined strategy and risk considerations and scenario analysis within board decision papers.
• What questions, data and analysis should be considered by management when framing and constructing a key decision paper for the board
• An example of a framing approach working through its application to a contemporary board decision.

Whether you’re a director reading board papers, or an executive preparing them, having an awareness of appropriate structures, framing criteria, and potential bias will improve the decision-making capacity of your board.