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Strategic thinking and corporate governance

Strategic thinking and corporate governance

Coulson-Thomas, Colin (2021) Strategic thinking and corporate governance. Effective Executive, 24 (4). pp. 7-29. ISSN 0972-5172

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The contemporary business environment can be particularly challenging for boards and business leaders seeking to think and act strategically, and also embrace social and environmental responsibilities and the concerns of a wider range of stakeholders. There are aspects of corporate governance that might need to be reviewed in the light of a changing context and evolving stakeholder priorities if they are to better support the strategic thinking now required. There are also many questions for directors, boards and those who advise on governance arrangements to consider.

Some corporate governance changes, whether applicable to all companies or an allowable practice adopted for a particular entity, are easier to introduce than others. In the meantime, for many companies the requirement for strategic thinking becomes ever more urgent. It needs to address climate change and other related, shared and existential challenges. Ultimately, the quality, relevance and impact of whatever strategic thinking occurs may depend upon the intellect, commitment, conscience and vigilance of directors and whether they take advantage of any changes made to better support them and their thinking.

Item Type: Article
Uncontrolled Keywords: strategic management; corporate governance; leadership; sustainable development; crisis; collaborative thinking; Science and technology governance; risk and uncertainty; social and environmental performance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Faculty / School / Research Centre / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB)
Faculty of Business > Department of Human Resources & Organisational Behaviour
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Last Modified: 11 May 2022 12:25

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