Articles by Grace McCarthy
Why Listen? How Listening Skills Can Improve Your Board
When people talk about communication skills for the C-suite or the boardroom, many think of speaking or presenting. Communication is seen as how we share our ideas, our knowledge, our opinions, our hopes, fears and aspirations with others. We communicate to influence others, to tell them what to do or think, to warn them, to advise them, to challenge or confront them. We use our words to achieve many goals.
Could Your Board Be Asking Better Questions?
In accordance with Section 180 of the Corporations Act (2001), ‘A director or other officer of a corporation must exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise’. Section 180 also includes the Business Judgment Rule, whereby to demonstrate that a director has exercised due care and diligence, a director should be able to demonstrate that they acted in good faith, made the judgment in good faith for a proper purpose, did not have a material personal interest in the judgment, informed themselves about the subject matter of the judgment to the extent they reasonably believed to be appropriate, and rationally believed the judgment to be in the best interests of the corporation.