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Company's Board of Directors

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3. What relationship do you see between a company's board of directors and the development of the business strategy?

4. Do you believe that a company's board of directors can change the ethical standards in a business? How can they do it?

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This solution examines the relationship between a company's board of directors and the development of the business strategy. It also examines the ability of a company's board of directors to change the ethical standards in a business, and how they might do it.

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3. What relationship do you see between a company's board of directors and the development of the business strategy?

"The board of directors is the highest governing authority within the management structure at any publicly traded company. The primary responsibility of the board of directors is to protect the shareholders' assets and ensure they receive a decent return on their investment" (http://beginnersinvest.about.com/cs/a/aa2203a.htm). Thus, it impacts the development of the business strategy through its role description.

For example, it is the board of director's job "to select, evaluate, and approve appropriate compensation for the company's chief executive officer (CEO), evaluate the attractiveness of and pay dividends, recommend stock splits, oversee share repurchase programs, approve the company's financial statements, and recommend or strongly discourage acquisitions and mergers?(http://beginnersinvest.about.com/cs/a/aa2203a.htm).

This oversight process impacts the business strategy at each level of ...

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