Does Your Board Deliver Strategic Advantage?

22 Apr Does Your Board Deliver Strategic Advantage?

Article Overview:  A board chairman recently lamented, “Just a few years back when planning time came around, some of my directors with great skills in other areas would quietly step back from the strategy work…with others taking the lead. Today, I have a boardroom filled with ‘Michael Porter wannabes’— every director expects to be a key player in our strategy planning….Yes, I like the engagement, but overall, the consequences are not all positive. I fear my planning process is off the rails—my board is not delivering
sound strategic guidance.”

 

Authors:  Patrick R. Dailey, Ph.D. and Charles H. Bishop, Jr.Ph.D.
Publisher:  NYSE Governance Services: Corporate Board Member Magazine
Publish Date: 2012
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