Board Process Simulation: BigFish (A)

Published 21 Apr 2017
Reference 6295
Topic Strategy
Industry Agriculture Fishery
Region Other Regions
Summary

In this role-play simulation, a team of up to nine participants act as the board of directors of a privately-owned fishing company. The board has to make decisions about (1) a management proposal to acquire processing facilities in a foreign country, (2) an adjustment to the CEO’s remuneration package requested by the CEO following the significant depreciation of local currency. The board consists of three types of directors – affiliated (the two shareholders and a representative of the bank-creditor), executive (CEO and CFO), and independent directors (including the chairman) – as well as three committees responsible for Strategy & Investments, Nomination & Remuneration, and Audit.

Teaching objectives

- To experience real dynamics of the board of directors - To understand a systemic nature of boards and board-shareholders and boards- stakeholders' relationships - To learn to collaborate with people with different backgrounds and agendas - To practice roles of effective directors: expert, strategist, team player, mentor, owner, facilitator - To assess the personal motivation and skill required to become an effective board member

Keywords
  • Multi-Party Simulation
  • Corporate Governance
  • Board Dynamics
  • Group Dynamics
  • Board of Directors
  • Board Committees
  • Chairman of the Board
  • Executive Compensation
  • Board Process
  • Strategy
  • M&A
  • CEO
  • Fishing
  • Q31617
  • Corporate Governance
  • Board Process and Remuneration at the Top