Effective decision making for boards of directors: Three easy steps

The blog discusses three key steps for effective decision-making by boards of directors. The first step is to define the decision to be made and gather relevant information, including any legal, financial, or operational considerations. The second step is to evaluate the options and potential consequences, considering both short-term and long-term implications. The third step is to make the decision and communicate it clearly to all stakeholders. The blog emphasizes the importance of transparency, accountability, and collaboration in the decision-making process, as well as the need to balance the interests of all stakeholders.