It is a core legal duty of all Directors to “exercise independent judgement” on issues such as strategy, performance and standards of conduct. But what exactly is “independent judgement” and how can board members assure themselves they are fulfilling this key obligation effectively? The Companies Act 2006 does not define judgment and there is no literature explaining what independent judgment is, or how to achieve it.
Sir Andrew Likierman is a Professor of Management Practice at the London Business School and its former Dean. In lieu of any formal guidance for board members he decided to help by create a framework for its use in practice and has identified 12 key elements.
In this session Andrew will share some guiding principles on how boards can exercise independent judgment and the consequences of not getting it right.
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