The board of directors is legally responsible for setting the strategic direction of the firm and for ensuring the firm’s long-term performance in almost all governance environments. However, many boards delegate the task of creating and executing the firm’s 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 board’s role in the strategy formation process is arguably the seminal governance challenge confronting boards today.
Board Involvement in the Strategic Decision Making Process examines this seminal challenge.
- ISBN13 9781680832600
- Publish Date 6 April 2017
- Publish Status Active
- Publish Country US
- Imprint now publishers Inc
- Format Paperback
- Pages 136
- Language English
- URL https://nowpublishers.com/article/Details/ACG-005