Board Involvement in the Strategic Decision Making Process: A Comprehensive Review
Abstract
The board of directors is legally responsible for setting the strategic direction of the firm and for ensuring the firmâs long-term performance in almost all governance environments. However, many boards delegate part or all of the task of creating and executing the firmâs strategy to a group of full-time professional managers. This separation between ownership and control creates many challenges for the modern-day firm, and the boardâs...
Paper Details
Title
Board Involvement in the Strategic Decision Making Process: A Comprehensive Review
Published Date
Jan 1, 2017
Volume
2
Issue
2
Pages
51 - 169
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Notes
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