Our thanks to Mike P for this.
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Admittedly I have little experience of “business” in this context. But in my simplicity I’d think that ponderous decision making and the lack of focus this indicates would be a bad thing generally in the competative world. Certainly in public services which I d know the extremely ponderous decision making is the major factor in why they are so inefficient and often ineffective.
I would imagine an indecisive Board is then reflected in its business operations and therefor attracts Hedge Funds attention. As far as I can see companies keen to trumpet their “diversity” seem to wander off into prioritising all sorts of virtue signaling and forget they are commercial concerns with customers.