The evolving role of boards: How much strategy is enough?
Summary
Corporate boards are shifting from focusing on governance to playing a strategic role driven by complex markets and stakeholder demands. Boards must now decide how deeply to engage in strategy, ranging from oversight to co-creation with management. At the same time, board involvement can enhance long-term goals and mitigate crises and over-involvement risks stifling innovation. The key lies in balancing strategic guidance with allowing management to lead. Successful boards, like those of Tata and Infosys, demonstrate the impact of this evolving role in corporate leadership.
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