The following Risk & Compliance guidance note provides comprehensive and up to date legal information covering:
Hundreds of decisions are made every day that are taken effectively and implemented well. But there are also decisions made that may seem confused, over-complicated or ineffective. This Practice Note considers why you need a decision making framework, what such a framework should include, tools you can use during the decision making process and how to create and implement a decision making framework for your organisation.
Decision frameworks provide a structured way to make decisions that support and enhance the organisation. The goal for all decision making should be to maximise the probability of positive outcomes.
A decision framework will enable you (or your department or organisation) to:
keep everybody aligned
ensure decisions are visible through all levels of planning
make clear how choices and plans support department or organisational strategies
work in an ethical way
meet compliance and regulatory requirements
make decisions at the right pace based on a clear process
consult the right people, but clearly identify the final decision maker
gain stakeholder buy-in for implementing the decision
In your organisation, effective decision making may already be built into your competency frameworks. See Practice Note: Competency framework for an example in-house legal team competency framework. Developing a decision framework provides the opportunity to reinforce key principles, behaviours and attitudes around decision making, and
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