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The Strategic Role of the Board

  • P. Stiles
  • B. Taylor

Abstract

The strategic role of the board is often used as the defining characteristic of board endeavour, the role which separates the work of the board from that of management (Lorsch and MacIver 1989, Tricker 1984, 1994, Coulson-Thomas 1993). Tricker states that direction involves the formulation of strategy, the acquisition and allocation of resources and setting policies. The British Institute of Directors’ Guidelines for Directors (1990) also states that the board takes responsibility for “determining the company’s strategic objectives and strategic policies”.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1997

Authors and Affiliations

  • P. Stiles
  • B. Taylor

There are no affiliations available

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