Governance of strategy enables the board and directors to provide the necessary oversight of the review of the core purpose and strategic plan. It also subsequently monitors the achievement of these two critical elements of an organisation.
What changes in the external environment require an adjustment to the strategic objectives and plan? What additional support can be provided by the Board to Management to improve the achievement of strategic priorities?
Corporate governance plays a critical role in strategy formulation and strategic delivery. It defines the roles and responsibilities of the board and the executives. It also determines how an organisation is governed. This applies to several aspects of the business, such as setting the organisation’s vision, purpose and strategic goals, providing the right leadership and culture for Management to reach those goals, and establishing clear parameters for measuring performance.
Plus, the governance of strategy will help maintain a healthy relationship between the board, management, and a diverse range of external stakeholders. This prevents conflict and ensures that all parties are working towards the same collective goals.
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Governance of Strategy Services Components
Strategy formulation and oversight of strategy delivery
Articulation of organisational purpose
Strategy development facilitation
Environmental, social and corporate governance (ESG) reviews
Why Governance of Strategy Services?
Governance of strategy services address a range of governance and strategic challenges such as:
Strategy is vague, outdated or struggling to be implemented