Business, 19.06.2020 14:57 Isabella1319

The key duties of a company's board of directors in the strategy-making, strategy-executing process include: 1. taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives.
2. overseeing the company's financial accounting and financial reporting practices and evaluating the caliber of senior executives' strategy-making/strategy-executing skills.
3. approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
4. taking the lead in developing the company's business model and strategic vision.
5. coming up with compelling strategy proposals of their own to debate against those put forward by top management.

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The key duties of a company's board of directors in the strategy-making, strategy-executing process...

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