Boardroom leadership: The board of directors as a source of strategic leadership

Castellanos Julio David () and George Babu ()
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Castellanos Julio David: Universidad San Pablo de Guatemala, 4A Calle 23-03, de Guatemala
George Babu: Fort Hays State University, 600 Park St., Hays, KS, USA

Economics and Business Review, 2020, vol. 6, issue 1, 103-119

Abstract: The aim of this paper is to bring together some of the foundational and recent literature interlinking corporate governance and the leadership role of the board of directors. Strategic leadership is widely assumed to be a responsibility that defaults to the Chief Executive Officers (CEOs). However, in practice, what most CEOs do is strategic management rather than strategic leadership. While strategic management does share key aspects of strategic leadership CEOs are expected to prioritize the managerial side over the leadership side. This is just one of the situations in which the board-room assumes the leadership role. This paper discusses how boards of directors conduct the process of strategic leadership in their organizations. In recent years there has been an increasing interest among scholars to understand how boards strategize from a behavioral point of view. This growing interest has resulted in the development of various typologies regarding boards’ involvement in the strategic leadership processes.

Keywords: board of directors; corporate governance; strategic leadership; agency theory; principal agent problem; stewardship theory; board typologies (search for similar items in EconPapers)
JEL-codes: G30 G34 M14 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:6:y:2020:i:1:p:103-119:n:5

DOI: 10.18559/ebr.2020.1.5

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