MCD 4 - Overcoming Cognitive Biases in Boardroom Decisions

MCD 4 - Overcoming Cognitive Biases in Boardroom Decisions
Boards are effective in making good decisions when its directors are objective and constructive. However, directors’ objectivity and judgement can be impaired by inbuilt biases.


This course, delivered by Dr. Massimo Massa, the Rothschild Chaired Professor of Banking and a Professor of Finance at INSEAD, raises awareness of the various biases that affect an individual’s judgement. It discusses mitigating measures to counter the most prevailing biases, and demonstrates how biases affect executive and director performance, as well as how decision and work structures and contexts might make individuals even more prone to biases. It presents a framework on how to handle biases related to group work and how “high performing teams” reduce their negative impact.

Course Objectives

  1. Understand the different cognitive biases that interfere with judgement and decision-making by directors and senior executives in the presence of risk and uncertainty.
  2. Understand the influence and impact of these biases, especially in relation to making financial and investment decisions.
  3. Identify the type of work structures and contexts that reinforce the existence of biases.
  4. Provide a framework to help directors interrupt the processes that contribute to the negative impact of biases so as to promote better corporate governance.

CPD Hours : 4

SID Member: S$450.00 (Inclusive of GST)
Non-SID Member: S$650.00 (Inclusive of GST)



Terms and Conditions for SID Courses/Events


When
10/11/2017 09:00 - 12:30
Malay Peninsula Standard Time
Where
Marina Mandarin Singapore
Online registration not available.
 

Sign In