April 2011
Intermediate to advanced
496 pages
13h 22m
English
As we mentioned in Chapter 3, “Board of Directors: Duties and Liability,” the Organization for Economic Cooperation and Development (OECD) states that one of the primary responsibilities of the board is to “ensure the strategic guidance of the company.” The Higgs Report recommends that directors “constructively challenge and contribute to the development of strategy.”1 Furthermore, survey data from the National Association of Corporate Directors (NACD) indicates that directors themselves consider strategic planning and oversight to be their most important responsibility—more than financial oversight, CEO succession planning, compensation, and shareholder relations.2
Consensus holds ...
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