ANALYSIS OF BOARDS OF DIRECTORS' INVOLVEMENT IN STRATEGIC MANAGEMENT DOI: 10.5585/riae.v8i1.1630

This study analyzes the involvement of boards of directors in strategic management. Through a survey of 36 Brazilian companies affiliated with the Brazilian Institute of Corporate Governance, we intend to analyze the factors that determine the degree of involvement of boards of directors in strategi...

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Bibliographic Details
Published in:Revista ibero-americana de estratégia 2009-09, Vol.8 (1), p.139-159
Main Authors: Muritiba, Sérgio Nunes, Vasconcellos, Eduardo Pinheiro Gondim, Muritiba, Patricia Morilha, French, John Lawrence
Format: Article
Language:English
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Summary:This study analyzes the involvement of boards of directors in strategic management. Through a survey of 36 Brazilian companies affiliated with the Brazilian Institute of Corporate Governance, we intend to analyze the factors that determine the degree of involvement of boards of directors in strategic decisions. Three dimensions were focused: which strategic decisions are under the boards' responsibility; which criteria are used to determine the optimum involvement of the board; and to what degree boards centralize strategic decisions. Results showed that boards are increasing their involvement in different types of strategic decisions, not limiting themselves to monitoring and controlling the company. Also, boards will tend to reach a balance when it comes to centralization of authority, sharing decisions with top managers and acting like counselors in the strategic management process.
ISSN:2176-0756
2176-0756
DOI:10.5585/ijsm.v8i1.1630