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Accountancy Insights: behind the Numbers

Groupthink: the boardroom’s most pervasive problem?

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accountancy insights podcast behind the numbers padding

In this episode of Behind the Numbers, we discuss strategies to prevent and tackle groupthink at board level.

By suppressing debate and disrupting effective decision-making, groupthink poses a significant governance challenge for firms. Notably, the recent scandal over fee transparency at wealth manager St James’s Place – which has set aside £426m for client refunds – has been blamed on groupthink in the boardroom.

Philippa Lamb examines ways forward with Baroness Helena Morrissey, financier and former Non-Executive Director at St James’s Place; Peter van Veen, Director of Corporate Governance and Stewardship at ICAEW; and Kevin Davidson, CEO of executive search and board advisory firm Norman Broadbent.

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You can read the full transcript of this episode here. 



Philippa Lamb


  • Baroness Helena Morrissey, financier
  • Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW
  • Kevin Davidson, CEO, Norman Broadbent


Natalie Chisholm

Episode first published: 28 June 2024
Podcast recorded: 21 June 2024

All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

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