Our Stable Mind: Addressing Boardroom Challenges with MetaMindfulness
Dr Elizabeth King
Helping leaders, teams and organizations perform in uncertainty.
Dear Community,
Welcome to the September edition of 'Stable Mind', your source for insights on enhancing leadership performance in our complex and ever-evolving world. This month, we explore the pressing challenges faced by modern boards and how MetaMindfulness can provide effective solutions for better governance.
Proactive Governance: Addressing Boardroom Challenges with MetaMindfulness
As we move through 2024, boardrooms worldwide face a harsh reality -?public trust in businesses is eroding at an alarming rate. According to the 2024 Edelman Trust Barometer, only 56% of the general population believes that businesses will do what is right.
Compounding this issue, a 2023 study by PwC revealed that 47% of global organisations reported experiencing fraud or economic crime within the last two years. These figures indicate an urgent need for boards to reinforce their commitment to ethical governance and accountability.
To meet these challenges, MetaMindfulness, developed over five years of research, offers directors a robust framework to reduce cognitive biases and make ethical decisions in complex situations.
Below is a snapshot of the most pressing trends that demand immediate attention:
By fostering heightened awareness of both internal and external pressures, MetaMindfulness equips board members to reduce cognitive biases, make well-considered decisions, and reinforce their organisation's commitment to ethical leadership.
The practices outlined in the full article are akin to the strategic moves in Aikido, the martial art that transforms an opponent's force into an advantage. The goal is to equip boards to turn today’s challenges into tomorrow’s opportunities for growth and innovation, allowing directors to navigate even the most difficult situations with grace and precision in service of society.
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Film Review: The Commercial Power of Compassionate Leadership
As leaders and directors seek to stay relevant in an increasingly complex world, compassion, kindness, and wisdom often take a backseat to profits and aggressive decision-making. But do we doubt that these human values enhance business outcomes? This article explores the films 12 Angry Men and Erin Brockovich both of which highlight the power of compassionate leadership. We also discuss how research confirms that compassion is commercial—it drives employee engagement, innovation, and long-term success, and how films help us stay connected to this purpose.
Reflection Exercise: Ethical Leadership for Directors
This month, we're featuring a reflection exercise designed to help directors enhance ethical decision-making through mindfulness. Building on my research with Professor Richard Badham, this exercise will guide you in assessing your leadership and governance mindset, reflecting on recent ethical dilemmas, and planning how to integrate mind training into your directorship practices.
Why It Matters: MetaMindfulness enhances awareness, reduces bias, and supports ethical leadership. This exercise helps you align your decisions with your organisation’s values.
How to Start: Reflect on how you manage stress and whether your decisions match your values. Then, apply these insights to a recent challenge and create a plan to integrate mindfulness into your leadership.
Our shared challenges require extraordinary, mindful leadership. With such leadership, we can navigate the complexities of our world with wisdom and compassion.
If you would like help enhancing these skills in your Board, leadership or team, visit our website for more resources and connect with us to schedule a personal consultation.
Warm regards,