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Full Description
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.
Contents
Introduction to the Board Involvement Stream
Reviewing the Nature and Complexity of Board Involvement
Research Designs Used to Examine Board Involvement
Intra-national Antecedents and Effects of Board Involvement
International Antecedents of Board Involvement
Effects of Board Involvement
Future Research Directions
Conclusions
References