Management Consulting
Aon
Full Credential Description
Aon was appointed by the Board of a large Industrial Multinational to enhance its understanding of how behavioral biases were affecting its decision-making processes. The client faced challenges in effectively collaborating with its advisers to achieve optimal outcomes. Aon's tailored solution involved a comprehensive analysis of the Board's dynamics and the development of a framework that restructured how meetings were conducted. This included a focus on the skills and diversity of the Board members, which led to a significant redesign in the recruitment and training processes for future trustees. As a result of Aon's intervention, the Board gained valuable insights into its operational effectiveness and governance. The changes implemented not only improved the decision-making process but also established a robust pool of trustee talent for the future. The structured approach to risk management and the optimization of meeting time allowed the Board to concentrate on strategic objectives without being sidetracked by non-essential activities or unexpected events. This strategic overhaul positioned the Board to better navigate the complexities of pension scheme management, ultimately enhancing its overall effectiveness and governance.