scholarly journals Declassification of corporate directors: Addressing the real concerns affecting stockholders.

2006 ◽  
Vol 3 (4) ◽  
pp. 160-163
Author(s):  
Darlene M. Andert
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Real Problem ◽  
Short Term ◽  
Business Outcomes ◽  
The Real ◽  
Poison Pill ◽  
The Future ◽  
Part Time ◽  
The Chairs

The future will provide the lesson about the effects of Board declassification. Yet, without question, declassification does degrade the synergy needed to build learning and decision-making symmetry, and it makes these part-time professionals, a temporary and potentially short-term member of a decision-making community. As a poison pill, this strategy remains questionable. Clearly, the alchemy of providing excellent oversight that generates great business outcomes is not the mandate of declassification. Declassification is a re-structuring strategy only. Real alchemy comes from a great deal of knowledge,, and sprinkle of luck, but remains unlinked to potentially changing the seats in the chairs after each election. Perhaps corporate governance restructuring should begin to address the real problem, which is positioning Directors to be knowledgeable, accountable, and ethical fiduciaries

Discounting and the Paradox of the Indefinitely Postponed Splurge

2018 ◽  
Author(s):  
Matthew Rendall
Keyword(s):  
Real Problem ◽  
Costs And Benefits ◽  
The Real ◽  
Reductio Ad Absurdum ◽  
The World ◽  
The Future ◽  
End Of The World

It is sometimes argued in support of discounting future costs and benefits that if we gave the same weight to the future as to the present, we would invest nearly all our income, but never spend it. Rather than enjoying the fruits of our investments, we would always do better to reinvest them. Undiscounted utilitarianism (UU), so the argument goes, is collectively self-defeating. This attempted reductio ad absurdum fails. Regardless of whether each generation successfully followed UU, or merely attempted to follow it, we could never get trapped in endless saving. The real problem is different: without the ability to foresee the end of the world, UU cannot tell us how much to save. Discounting is a defensible response, but only when coupled with a rule against risking catastrophe.

The Future of Geometry

1936 ◽  
Vol 29 (1) ◽  
pp. 29-31
Author(s):  
Margaret Joseph
Keyword(s):  
High School ◽  
Real Problem ◽  
The Real ◽  
School Work ◽  
The Future ◽  
New Curriculum

Teachers of mathematics are often confronted with pupils asking, “Why should I study mathematics?” or “Where shall I ever use geometry?” Such statements made by pupils are easily answered by any mathematician; so are of little concern. The real problem lies in the criticism from adults, for many of our fellow teachers and executives believe that mathematics should have no place in the new curriculum. Just what should be taught in its place has not been determined, for their criticism is of the destructive type, not the constructive. It is only natural that every teacher should feel that his specialty is of importance, so regardless of all the unfavorable comments some people make about mathematics, I still feel that it should be studied by all pupils capable of doing high school work.

Comparing two context-driven approaches for representation of human tactical behavior

2008 ◽  
Vol 23 (3) ◽  
pp. 295-315 ◽  
Author(s):  
AVELINO J. GONZALEZ ◽  
PATRICK BRÉZILLON
Keyword(s):  
Decision Making ◽  
Real World ◽  
Human Intelligence ◽  
The Real ◽  
Specific Objective ◽  
The Future ◽  
Contextual Graphs ◽  
Compare And Contrast ◽  
Representational Level

AbstractThis paper describes an investigation that compared Context-based Reasoning (CxBR) and Contextual Graphs (CxG), two well-known context-driven approaches used to represent human intelligence and decision-making. The specific objective of this investigation was to compare and contrast both approaches to increase the readers’ understanding of each approach. We also identify which, if any, excels in a particular area, and to look for potential synergism between them. This comparison is presented according to 10 different criteria, with some indication of which one excels at each particular facet of performance. We focus the comparison on how each would represent human tactical behavior, either in a simulation or in the real world. Conceptually, these two context-driven approaches are not at the same representational level. This could provide an opportunity in the future to combine them synergistically.

The Real World: Teaching Anthropology as if it Mattered

1998 ◽  
Vol 20 (1) ◽  
pp. 42-43
Author(s):  
Margaret Everett
Keyword(s):  
Public Policy ◽  
Decision Making ◽  
Real World ◽  
Turning Point ◽  
Applied Anthropology ◽  
American Anthropologist ◽  
The Real ◽  
Human Organization ◽  
The Future ◽  
Decision Making Processes

In James Peacock's 1995 address on the future of anthropology given at the AAA meetings in Washington, D.C., he spoke persuasively about the discipline's need to move "beyond the academy" and warned that in order for anthropology to flourish, "we must press outward" ("The Future of Anthropology," American Anthropologist 99(1): 9-29, 1997). Efforts to broaden anthropology's contribution to society "beyond the academy" are already under way, as Human Organization, this publication, and this column, in particular, attest. Specifically, renewed interest in public policy reflects the growing conviction that anthropologists' work today needs to be more relevant to decision-making. Applied anthropologists often express frustration at their lack of influence in decision-making processes. Again, as Peacock argues, "Applied anthropology is often a mop-up operation, identifying and solving problems caused by bad policy. Instead, anthropology must move to shaping policy." Efforts through the AAA, SfAA, and elsewhere suggest a turning point for applied anthropology and the discipline in general.

scholarly journals The Integration and Reliance on Technology to Enhance the Independence and Accountability of Company Directors in South Africa

2021 ◽  
Vol 24 ◽  
pp. 1-32
Author(s):  
Friedrich Hamadziripi ◽  
Howard Chitimira
Keyword(s):  
South Africa ◽  
Decision Making ◽  
Corporate Governance ◽  
Developed Countries ◽  
Short Term ◽  
Governance Systems ◽  
Company Directors ◽  
Future Potential ◽  
The Impact ◽  
Do So

The most indispensable means of change in contemporary business society is technology because it offers convenience to both businesses and their clients. Almost every business has been influenced by technology. Traditional corporate governance systems have been affected as technology has ceased to be a mere business enabler but is now a source of a company's future potential opportunities. The infusion of corporate governance and technology has been quite slow in South Africa. This may either be attributed to the fact that it is costly to do so, at least in the short term, or that company directors in South Africa do not yet trust technological measures with corporate decision-making input. Consequently, the impact of decision support technology on corporate entities and their governance has received less academic interest in South Africa than in developed countries. This article seeks to discuss the integration and reliance on technology to enhance corporate governance principles in developing countries like South Africa. The article also discusses the practical challenges and the benefits to be anticipated by directors in South Africa when they integrate technology in decision making to enhance their independence and accountability.

The human factor: the “unknown unknowns” in the real estate development process

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Elaine Worzala ◽  
David Wyman
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Human Factor ◽  
Commercial Real Estate ◽  
Real Estate Development ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
The Future ◽  
Decision Making Framework

PurposeVolatility, Uncertainty, Complexity and Ambiguity (VUCA) are terms the military have coined to describe the environment they often operate in. This paper examines how this decision-making framework can be used to better inform real estate investment and development. In celebration of this journal's 40th anniversary, we also explore how VUCA can be related to and expand on the teachings of Dr. James A. Graaskamp who published his seminal piece on the Fundamentals of Real Estate Development (1981) the same year. In that piece, he highlights the importance of paying attention to the human factor, the consumers of real estate.Design/methodology/approachThis is a thought piece on an alternative decision-making framework that can help capture the dynamic environment that commercial real estate investors and developers are currently working in. VUCA captures the difficulty of predicting the future in a world of accelerating, unpredictable change. This is particularly important in today's rapidly changing world caused not only by the current COVID-19 pandemic but also the exponential growth of the proptech industry as well as the increasing risks and opportunities associated with climate change that continues to impact the built environment.FindingsThis is not a traditional research project with empirical findings. We are presenting an alternative framework for thinking about making investment decisions in these current volatile, uncertain, complex and ambiguous times today and in the future. In addition, the importance of multidisciplinary training and the human factor are stressed.Research limitations/implicationsThere are no limitations to this research as it is the ideas of the authors. Implications are to help real estate investors, developers and educators better understand the environment that they are working in.Practical implicationsVUCA captures better the dynamic nature of real estate investments compared to traditional analysis. It helps one better analyze the risks and returns but also to acknowledge that there is a lot you cannot predict and there are many exogenous variables that can, at times, completely change the rules of the game. Flexibility and adaptability are essential tools for working in a VUCA environment. In addition, the human factor plays an increasingly important role and real estate investors and developers that clearly understand this and focus on the consumer will likely be more successful.Originality/valueWe believe that this is the first time that VUCA has been used in the real estate academic literature.

scholarly journals The Critical Analysis of Profit for its Allocation Decision-Making

2017 ◽  
Vol 64 (s1) ◽  
pp. 41-56 ◽  
Author(s):  
Renáta Pakšiová
Keyword(s):  
Decision Making ◽  
Critical Analysis ◽  
Necessary Condition ◽  
Allocation Decision ◽  
The Real ◽  
Future Performance ◽  
Starting Point ◽  
The Future ◽  
Business Property

AbstractThe decrease of the business property can cause a reduction in the production ability of the enterprise to the extent causing an involuntary closing of business activities. It is usually caused not only by the reported loss, but also by the greater distribution of profits, as is the amount of the real level of the enterprise's distributable profit. A thorough analysis of the reported accounting profit described in this paper should be the starting point for the allocation of profit. It is important to be able to identify and assign a portion of the accounting profit, corresponding to the non-realised profit and fictitious profit, where eventual release outside the enterprise threatens the future performance of the enterprise. These portions of the reported profit do not correspond to the actually made, realised and real production, which is a necessary condition to achieve a real profit to possible safety division to investors.

scholarly journals Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance

2020 ◽  
Vol 24 (4) ◽  
pp. 851-870
Author(s):  
Michael Hilb
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Corporate Governance ◽  
Active Role ◽  
Board Members ◽  
The Future ◽  
Board Level ◽  
The Impact ◽  
Business Technology

Abstract The article explores the impact of the ongoing progress and adaptation of artificial intelligence on the practice of the corporate governance. It applies three lenses to artificial governance—the business, technology and society lenses—to assess the desirability, feasibility and responsibility of automating board-level decision-making to ensure effective corporate governance. Based on an assessment of the potential and limitations of human and machine learning for effective board-level decision-making, the article proposes five scenarios of artificial governance, i.e. assisted, augmented, amplified, autonomous and autopoietic intelligence, that are likely to shape the governance of organizations today, tomorrow and beyond. It discusses the implications of both the governance of and the governance with artificial intelligence in the three horizons and concludes with an appeal to board members to take an active role in understanding, imagining and shaping the future of artificial governance.

A Bird in the Hand Isn’t Good for Long

2018 ◽  
Vol 65 (1) ◽  
pp. 23-31 ◽  
Author(s):  
Stefan Scherbaum ◽  
Simon Frisch ◽  
Maja Dshemuchadse
Keyword(s):  
Decision Making ◽  
Cognitive Control ◽  
The Other ◽  
Decision Task ◽  
Short Term ◽  
Additional Time ◽  
Control Processes ◽  
Folk Wisdom ◽  
Study Participants ◽  
Insight Into

Abstract. Folk wisdom tells us that additional time to make a decision helps us to refrain from the first impulse to take the bird in the hand. However, the question why the time to decide plays an important role is still unanswered. Here we distinguish two explanations, one based on a bias in value accumulation that has to be overcome with time, the other based on cognitive control processes that need time to set in. In an intertemporal decision task, we use mouse tracking to study participants’ responses to options’ values and delays which were presented sequentially. We find that the information about options’ delays does indeed lead to an immediate bias that is controlled afterwards, matching the prediction of control processes needed to counter initial impulses. Hence, by using a dynamic measure, we provide insight into the processes underlying short-term oriented choices in intertemporal decision making.

Sign in / Sign up

Export Citation Format

Share Document