Final answer:
Frida, as CEO, should encourage open dialogue, listen to diverse viewpoints, and consider long-term consequences while avoiding the minimization of dissenting opinions during discussions with the Board of Directors. This ensures a thorough and democratic decision-making process, keeping shareholder interests in focus.
Step-by-step explanation:
When a CEO like Frida meets with the Board of Directors to discuss important company decisions, she should do several things to ensure an effective and responsible deliberation. She should absolutely encourage open and honest discussion and listen to diverse viewpoints, as these practices foster a dynamic exchange of ideas and ensure multiple perspectives are considered. It is also vital for her to consider the long-term consequences of any decision, as these will impact the company's future operations and the interests of shareholders.
However, what Frida should avoid doing is minimizing dissenting opinions. This could lead to a lack of critical evaluation of the decision and potential oversight of important considerations. It's crucial for a healthy decision-making process to allow all voices to be heard and considered, even if they challenge the majority or the status quo.
This strategy not only aligns with best practices in corporate governance but also with the notion that the Board of Directors is there to ensure the firm is run in the interests of the true owners-the shareholders. While top executives often have significant influence in choosing board candidates, incorporating various insights and fostering a culture of respectful debate helps in making decisions that are well-rounded and shareholder-focused.