In this lesson, we will delve into the importance of ethics in board conversations. Ethical considerations are crucial in ensuring that boards make decisions that are fair, transparent, and in the best interest of all stakeholders. We will explore key ethical principles that should guide board discussions and decision-making processes.

We will also discuss common ethical dilemmas that boards may face and strategies for addressing them. By maintaining a focus on ethics, boards can enhance their reputation, build trust with shareholders, and ultimately contribute to the long-term success of the organization.

Key Lesson Concepts:

• Importance of ethics in board conversations
• Key ethical principles for guiding board discussions
• Common ethical dilemmas and strategies for addressing them
• Risk-Readiness as a stress tester for values-driven decision making practices.

We will introduce the following exercises, inventories in this session:

• Crisis Response Playbook
• Conflict of Interest Planning
• ByLaws Reviews & Updating Processes
• Scenario Planning/Scenario Stress-Testing