This paper takes a look inside the functioning of the modern corporate board “black box.” Using results of an anonymous online survey, it investigates the experiences and behavior of 102 Brazilian directors—from an individual perspective as well as from a group one. To gain insight into what goes on in directors’ minds, the authors adopted a behavioral approach based on extensive literature regarding cognitive biases and group dynamics.
By Sandra Guerra and Rafael Liza Santos, foreword by Simon C.Y. Wong.