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Behind the Numbers: Groupthink – the boardroom’s most pervasive problem?
Manage episode 425935633 series 2944765
Content provided by ICAEW. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ICAEW or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of Behind the Numbers, we discuss strategies to prevent and tackle groupthink at board level.
By suppressing debate and disrupting effective decision-making, groupthink poses a significant governance challenge for firms. Notably, the recent scandal over fee transparency at wealth manager St James’s Place – which has set aside £426m for client refunds – has been blamed on groupthink in the boardroom.
Philippa Lamb examines ways forward with Baroness Helena Morrissey, financier and former Non-Executive Director at St James’s Place; Peter van Veen, Director of Corporate Governance and Stewardship at ICAEW; and Kevin Davidson, CEO of executive search and board advisory firm Norman Broadbent.
Links
- Tackling groupthink – why stupid questions don’t exist: https://www.icaew.com/insights/viewpoints-on-the-news/2024/jun-2024/tackling-groupthink-why-stupid-questions-dont-exist
Host
Philippa Lamb
Guests
- Baroness Helena Morrissey, financier
- Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW
- Kevin Davidson, CEO, Norman Broadbent
Producer
Natalie Chisholm
Episode first published: 28 June 2024
Podcast recorded: 21 June 2024
90 episodes
Share
Manage episode 425935633 series 2944765
Content provided by ICAEW. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ICAEW or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of Behind the Numbers, we discuss strategies to prevent and tackle groupthink at board level.
By suppressing debate and disrupting effective decision-making, groupthink poses a significant governance challenge for firms. Notably, the recent scandal over fee transparency at wealth manager St James’s Place – which has set aside £426m for client refunds – has been blamed on groupthink in the boardroom.
Philippa Lamb examines ways forward with Baroness Helena Morrissey, financier and former Non-Executive Director at St James’s Place; Peter van Veen, Director of Corporate Governance and Stewardship at ICAEW; and Kevin Davidson, CEO of executive search and board advisory firm Norman Broadbent.
Links
- Tackling groupthink – why stupid questions don’t exist: https://www.icaew.com/insights/viewpoints-on-the-news/2024/jun-2024/tackling-groupthink-why-stupid-questions-dont-exist
Host
Philippa Lamb
Guests
- Baroness Helena Morrissey, financier
- Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW
- Kevin Davidson, CEO, Norman Broadbent
Producer
Natalie Chisholm
Episode first published: 28 June 2024
Podcast recorded: 21 June 2024
90 episodes
All episodes
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Similar to Accountancy Insights
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…
continue reading
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continue reading
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Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world. In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who shar ...
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It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
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