CGOV.11:3 - Forces

A corporate act must satisfy the conditions imposed by its legal and institutional basis. Participants also need sufficient grounds for their judgement, an opportunity to contribute and a usable account of the outcome. These needs are related but distinct: an eligible quorum does not make a forecast reliable, and sound analysis does not confer decision power.

Time, uncertainty and the cost of further inquiry constrain deliberation. A binding requirement cannot be wished away as expensive, but discretionary investigation should be selected for the decision it can change. A bounded commitment or refusal may be more appropriate than waiting for certainty.