Involving the Board of Directors in Strategic Planning

Abstract

On the surface, things haven't changed. In 1971, Professor Myles L. Mace, in his seminal study, Directors: Myth and Reality, reported that the typical board does not get involved in the establishment of objectives, strategies, and policies. Recently, more than a decade later, the author conducted a study of the boards of more than 225 U.S.‐based firms in which the majority of chairmen, contrary to what was subsequently found to be their practice, indicated that their boards are not involved in strategic planning.

Citation

Henke, J.W. (1986), "Involving the Board of Directors in Strategic Planning", Journal of Business Strategy, Vol. 7 No. 2, pp. 87-95. https://doi.org/10.1108/eb039158