Corporate governance and strategic management

Abstract

The strategic role of board of directors in ensuring organizational success cannot be gainsaid. This paper examines the concept of corporate governance and how it affects strategic management. For the eleven public companies surveyed, the evidence indicates that, they have good corporate governance practices. In terms of membership, outside directors were more than inside directors. The companies also had important sub-committees of the boards to deal with matters in detail before they pre-presented to the Boards. There is seemingly low female representation on the boards of public companies. Overall, the public companies adhere to good corporate governance.