Board Involvement In The Strategic Decision Making Process

Download or read book Board Involvement in the Strategic Decision Making Process written by William Q. Judge and published by Now Publishers. This book was released on 2017-04-06 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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: A Comprehensive Review examines this seminal challenge.