A Theory of Boardroom Justice
There is a real danger that corporate leaders, making decisions that seem correct behind closed doors, are committing serious errors. Board members need to rethink what they are doing in those rooms, and individual directors’ guiding principle should be the “veil of ignorance” proposed by the political philosopher John Rawls.
LONDON – There is a real danger that corporate leaders, making decisions that seem correct behind closed doors, end up being tone-deaf in a soundproof room. When the doors open and the decisions are announced, it is clear that board members are often deeply disconnected from the world’s economic and social realities.