The CEO–Board Dynamic in Strategic Development and Oversight
Keep in mind:
- One of the primary responsibilities of the board is to “ensure the strategic guidance of the company.” – OECD
- Directors should “constructively challenge and help develop proposals on strategy.” –U.K. Corporate Governance Code
- Directors consider strategic planning and oversight to be their most important responsibility. –NACD
How exactly does the board perform this function? Review the Stanford Business Strategy and Risk Oversight deck to find out.