Strategy Governance for Boards
Only 22% of board members say they understand their firm’s strategy. This is mainly because many board members lack expertise in strategy or are not up to date with the new rules of strategy in today’s world. Without a deep understanding of their role and responsibilities in strategy governance, many board members fail to add real value in this area.
IMD’s Strategy Governance for Boards program enables you to play a meaningful advisory role in the governance of your firm’s corporate strategy within the context of an increasingly complex business landscape.
You will discover four types of boards based on their dynamics and explore what constitutes good strategy governance, and why some boards fail. You will also gain awareness of questions you need to ask to ensure your organization is designing a strategy that not only optimizes today’s business, but also prepares for the future.
CEO, APM Terminals, Independent NED and Board Member at various companies, The Netherlands
The model taught in this program showed me what ‘good’ looks like, and what it means for the board. Having a model and a language to use around strategy has been very useful in a simple and powerful way.
CEO, Folloe Capital and Board Member, Olympia Group, Switzerland
This program has enabled us to create and implement a successful action plan around strategy, resulting in a tangible and measurable impact.
Board Advisor, Non-Executive Director, Strategic Human Capital, Italy
The board’s role in strategy oversight was brought to life, thanks to the exercises and case studies of this program.
Founder & Deputy CEO, Arctica Finance, Iceland
To my mind, all board members need to be following the Strategy Governance for Boards program, for the long term benefit of the organization.
Head of HR, A.P. Møller Holding & Board Member at Maersk Tankers and ZeroNorth, Denmark
Board strategy is not management strategy, and clearly knowing the difference is the added value I will bring to the board after this program.
Foundations of strategic governance
- The role of boards in strategy
- Does your firm have a good strategy?
- Questions boards need to ask around strategy
- Failures in strategy governance and how to do the right type of governance
- What determines a firm’s performance and industry evolution
Navigating disruption
- Is your strategy ready for disruption?
- Strategy biases among board members
- Conclusions and wrap-up
Length: 2 days on campus.
Two pathways to board excellence
