The possible pitfalls of boards’ engagement in the strategic management process
Abstract
Scholars endorsing the embeddedness outlook call for directors’ greater engagement in the strategic management process. In contrast, scholars endorsing the control outlook argue that directors should focus on fulfilling their fiduciary duty of supervising top executives. Based on the behavioral-agency theory, this paper outlines a conduct outlook on boards. Recognizing the benefits of directors’ participation in the strategic management process,...
Paper Details
Title
The possible pitfalls of boards’ engagement in the strategic management process
Published Date
Apr 10, 2020
Journal
Volume
15
Issue
4
Pages
1071 - 1093
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