Corporate Governance as Part of the Strategic Process: Rethinking the Role of the Board [Book Review]

Journal of Business Ethics 102 (S1):33-42 (2011)

Managers are most likely to turn to the board of directors for guidance during a period of crisis. But can good corporate governance prevent an organization from reaching that critical point in the first place? In light of the recent global financial crisis, this question has become all the more pressing, and so to prevent future crises, we argue that corporate boards of directors need to be keenly aware of the potential social harms that might arise from the value-creating activities of the firm they are tasked with monitoring. Boards of directors must be vigilant in understanding the firm’s value proposition, perceiving the potential harms that managers tend to overlook, and inserting themselves into the strategy-making process. We offer a typology of scenarios involving potential social harm and benefit and analyze when boards of directors must take a more active role in shaping firm strategy despite resistance from management
Keywords Corporate governance  Strategic control  Ethical decision-making  Value creation
Categories (categorize this paper)
DOI 10.1007/s10551-011-1195-0
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 40,683
Through your library

References found in this work BETA

Humanizing Business: A Modern Virtue Ethics Approach.Geoff Moore - 2005 - Business Ethics Quarterly 15 (2):237-255.
Humanizing Business.Geoff Moore - 2005 - Business Ethics Quarterly 15 (2):237-255.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

The Governance Role of the Board in Corporate Strategy: An Initial Progress Report.Chris Bart - 2004 - International Journal of Business Governance and Ethics 1 (s 2-3):111-125.
Improving the Board's Involvement in Corporate Strategy: Directors Speak Out.Chris Bart - 2007 - International Journal of Business Governance and Ethics 3 (4):382-393.
Family Pyramidal Holdings and Board of Directors.Najah Attig - 2007 - International Journal of Business Governance and Ethics 3 (4):394-406.
Company Growth and Board Attitudes to Corporate Social Responsibility.Coral B. Ingley - 2008 - International Journal of Business Governance and Ethics 4 (1):17.
The Ethics of Corporate Governance.E. Eugene Arthur - 1987 - Journal of Business Ethics 6 (1):59 - 70.
The Changing Composition of Canadian Boards of Directors.Paul Dunn & Barbara Sainty - 2005 - Proceedings of the International Association for Business and Society 16:230-233.


Added to PP index

Total views
19 ( #429,554 of 2,242,826 )

Recent downloads (6 months)
3 ( #625,882 of 2,242,826 )

How can I increase my downloads?


My notes

Sign in to use this feature