The buck stops here!. In modern companies, the buck stops in the Boardroom. Boards of Directors don’t have the luxury of saying, ‘this is too hard, give it to the Chief Executive to fix!’. Of course, Boards do have the questionable (some would say honourable!) option of procrastination. They can refer a proposed venture that seems a little complex to a Board subcommittee for evaluation, they can refer the proposed venture to one or more members of the senior management team for further evaluation, or they can refer the proposed venture to their external advisers for further evaluation (their accountants and solicitors for example). Sooner or later however, the Board will have to face the music, consider and decide what to do with the venture proposal. This is the point where Directors’ Decision-making: Working Between a Quandary and a Dilemma becomes a serious reality.

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