The Role of the Board of Directors in Strategic Management
Board Effect
DECEMBER 19, 2019
Boards and managers don’t agree on everything but they both agree that they need a strategic plan. One thing that they don’t always agree on is how to clarify the role of the board and the role of management in developing and implementing the strategic plan. The central question is who actually sets the strategy. Some believe the board sets it and some believe the board waits for management to set it so they can approve it.
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