Blue Ribbon Commission Report Recommends That Corporate Directors Engage Early and Continually in Dialogue on Strategy
KUALA LUMPUR, Oct 14 (Bernama) -- The National Association of Corporate Directors (NACD) today announced the release of the Report of the NACD Blue Ribbon Commission on Strategy Development.
The report emphasizes that corporate directors should not limit their engagement in strategy development to annual discussions with management or crisis situations. It recommends that directors recognize that board engagement on strategy is a continual process, and issues related to strategy should be the central focus of board activity year-round.
"Boards must expect that the company will need to make alterations to its current strategy at some point in its life cycle," said Maggie Wilderotter, chairman and CEO, Frontier Communications Corp.; director, Xerox Corp., Procter & Gamble, The Committee of 200; Catalyst; and co-chair of the commission. "Understanding the assumptions underlying the strategy and recognizing when they are no longer valid will help directors successfully lead through periods of change."
For full text: http://mrem.bernama.com/viewsm.php?idm=23156
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