I have a soon to be world famous acronym for helping board members make decisions. Today’s recommendation is about the T in ADAPPT which stands for Transparency.
Transparency is the process you have used to make this decision one that is transparent to your stakeholders? In particular, the upcoming discussion about the difference between the participants and the process would apply here. You want to be able to explain your process in such a way that your stakeholders will understand.
You do not need to give out any confidential information in order to be transparent.
If your organization uses this framework to make decisions, you will have solid evidence that you have been duly diligent in your responsibilities.