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Making decisions is a critical part of every executive's job. However we know so little about the often subliminal processes that shape the decisions we make. The Secret Life of Decisions exposes the unchallenged myths and distortions that impact our reasoning ability, raising our awareness of the many traps we can fall into. Meena Thuraisingham and her collaborator, Wolfgang Lehmacher, have drawn from decades of work with leaders showing that even the most talented leaders and teams can end up making sub-optimal decisions. This is rarely because they had poor critical thinking faculties but...

Deciding on the strategic direction of a corporation is complex and increasingly so in the volatility, uncertainty, and ambiguity that characterises the strategic options facing a company today. Faced with this complexity, the model of governance, which has largely remained unchanged for many decades, raises several important questions. Economic theories of corporate governance have held sway for over three decades and have exerted considerable influence on board studies and writings on the subject. In particular the agency paradigm and its assumptions, has de-emphasised the human side of...