134. Dr. Margaret Heffernan (1/2): How boards make the best decisions: cooling-off periods, embracing uncertainty and deep hanging out

Dr. Margaret Heffernan is author of seven books, including Wilful Blindness, Uncharted and Embracing Uncertainty. A former CEO of InfoMation Corp, ZineZone Corp, and iCast Corp, she was inducted into the Thinkers50 Hall of Fame in 2024. In this episode, we discuss: What uncertainty does to board decision-making (2:47) Practical ways boards can mitigate it (6:25) Squaring “take your time” with decisiveness (11:10) What a robust boardroom decision process looks like (14:36) Being agile without flip-flopping (18:13) When and how to use cooling-off periods (21:22) What deep hanging out means in practice (22:37) Absorbing context beyond datapoints (25:38) The value of unstructured time in the boardroom (27:54) An example of reaching the right answer without an agenda (32:10)

Host: Oliver Cummings

Producer: Will Felton

Music: Kate Mac

Audio: Nick Kold

Email: podcast@nurole.com

Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom