Improving the board's involvement in corporate strategy: directors speak out

Chris Bart

International Journal of Business Governance and Ethics, 2007, vol. 3, issue 4, 382-393

Abstract: Recent research by the author has established that boards have an important and significant role to play when it comes to their organisations' strategy and strategic planning process. But is there room for improvement? According to the directors that have participated in an ongoing research project, the answer is most definitely 'yes'. The current paper identifies and discusses the top 13 areas of improvement, which directors feel need to be addressed if their responsibility for strategy is to be exercised properly. The author's findings point especially to the types of practices that modern boards need to follow if they are serious about getting the maximum benefit from their engagement with management in an organisation's strategic planning process.

Keywords: corporate strategy; mission; vision; corporate governance; boards; directors; performance management; strategic planning; business governance; board involvement. (search for similar items in EconPapers)
Date: 2007
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