The White Elephant
The white elephant board has the knowledge that things are not right, or could be done differently, but they CHOOSE to ignore it. They do very little about the problems they see. This is wilful ignorance as opposed to the wilful blindness of the black swan. Perhaps they hope the problem will go away on its own.
[Visual Graphic: The White Elephant]
Understanding Governance
Boards often fall into the trap of focusing on the obvious while ignoring the looming issues that everyone is aware of but no one addresses. Addressing the "White Elephant" in the room requires transparency, courage, and a structured approach to decision-making.