Analysis of boards of directors' involvement in strategic management

Authors

  • Sérgio Nunes Muritiba Doutor em Administração pela FEA-USP
  • Eduardo Pinheiro Gondim Vasconcellos Professor Titular da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo
  • Patricia Morilha Muritiba Professora do Programa de Mestrado e Doutorado em Administração da Universidade Nove de Julho – PMDA/UNINO
  • John Lawrence French Professor Associado da Virginia Polytechnic Institute and State University (EUA)

DOI:

https://doi.org/10.5585/ijsm.v8i1.1630

Keywords:

strategy, boards of directors, corporate governance

Abstract

This study analyzes the involvement of boards of directors in strategic management. Through a survey of 36 Brazilian companies affiliated with the Brazilian Institute of Corporate Governance, we intend to analyze the factors that determine the degree of involvement of boards of directors in strategic decisions. Three dimensions were focused: which strategic decisions are under the boards' responsibility; which criteria are used to determine the optimum involvement of the board; and to what degree boards centralize strategic decisions. Results showed that boards are increasing their involvement in different types of strategic decisions, not limiting themselves to monitoring and controlling the company. Also, boards will tend to reach a balance when it comes to centralization of authority, sharing decisions with top managers and acting like counselors in the strategic management process.

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Author Biographies

Eduardo Pinheiro Gondim Vasconcellos, Professor Titular da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo

Doutorado em Administração pela Universidade de São Paulo, Brasil.Livre Docência pela Universidade de São Paulo

Patricia Morilha Muritiba, Professora do Programa de Mestrado e Doutorado em Administração da Universidade Nove de Julho – PMDA/UNINO

Doutor em Administração pela FEA-USP

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Published

2009-09-18

How to Cite

Muritiba, S. N., Vasconcellos, E. P. G., Muritiba, P. M., & French, J. L. (2009). Analysis of boards of directors’ involvement in strategic management. Revista Ibero-Americana De Estratégia, 8(1), 139–159. https://doi.org/10.5585/ijsm.v8i1.1630

Issue

Vol. 8 No. 1 (2009): RIAE v8n1

Section

Articles

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