Day 1 - Director Dkills & Board Values Flashcards
Where are you from
Nō hea koe?
Four Māori cultural values important for Directors
Whanaungatanga, Kotahitanga, Manaakitanga, Rangatiratanga
Two broad leadership styles
Transactional (traditional), Transformational
Five elements of emotional agility
- Attunement; 2. Equipoise; 3. Metis; 4. Sympathy; 5. Self-reflection
Attunement
the ability to accept what others have to say and to learn from what they have to offer
Equipoise
The ability to monitor thinking and correct for biases and shortcomings
Metis
The ability to see patterns in the world and derive gist from complex situations
Four levels of listening
- Downloading; 2. Factual listening; 3. Empathy listening; 4. Generative listening
Downloading (listening level)
From habit; reconfirming old opinions and judgements
Factual listening
From outside; disconfirming data
Empathy listening
From within; seeing through another person’s eyes; emotional connection
Generative listening (top)
Connecting to an emerging future whole; shift in identity and self; generates new meaning or value
40:70 rule
For decision making. If a decision is reversible, you can make it with only 40% of data; if a decision is irreversible, you cannot make it unless you have at least 70% of the data
Five thinking traps (biases)
- Cognitive; 2. Selection; 3. Homophily; 4. Confirmation bias; 5. Group think
Cognitive bias
Bias based on your expertise
Selection bias
bias introduced by the selection of individuals, groups, or data for analysis in such a way that proper randomization is not achieved, thereby failing to ensure that the sample obtained is representative of the population
Homophily
Picking/favouring those like us
Confirmation bias
Favoring information and people who confirm our existing beliefs
Group think
Prioritisation of easy road where everyone agrees; conflict averse. Instead, often should be walking out of board room just a little uncomfortable about challenging the situation.
Five values diversity brings to a board
- avoid/overcome bias; 2. bring innovative/new thinking; 3. better see risk and opportunity from different perspectives; 4. diversity of thought and breadth of conversation; 5. organisation of belonging and connection
The three “C”s of forming an effective board
- Composition; 2. Competence; 3. Conduct
Four key competencies of an effective board member
- strategic and governance leadership; 2. informed decision making; 3. business acumen; 4. good communication skills
Whanaungatanga
Recognising and acknowledging our interconnectedness
Kotahitanga
Unity of purpose, solidarity, togetherness, and collective action
Manaakitanga
To create, maintain, and strengthen good relationships
Rangatiratanga
Independence, autonomy, and self-determination
