Do you apply the Veil of Ignorance in business?
Broadly speaking, leaderships teams bring to the decision-making table not only a collection of business skills but also a unique set of personal views, informed by each member’s circumstances, including the tribes they belong to.
Of course, each member has a range of legal and fiduciary duties to the business. This includes the duty to act in its best interests and the duty exercise powers for proper purpose.
In this context, it’s possible that someone’s personal views might put them in conflict with their duties to their company. This is where a decision-making method, known as the ‘Veil of Ignorance’, could prove useful.