The supervision of strategy and risk in German two-tier boards: lessons learned from the crisis
by Marc Eulerich; Markus Stiglbauer
International Journal of Management Practice (IJMP), Vol. 6, No. 3, 2013

Abstract: The boards' role to supervise corporate strategy and risk determines the efficiency of 'good' corporate governance. Not only in the highlight of the financial crisis, board members, are challenged by a critical need for pro-active supervision. We examine the effects of the crisis on German supervisory boards' work and conclude first, which supervisory boards work in a pro-active way: They support the executive board in strategy development and implementation and try to anticipate the strategic development of the company. Secondly, boards change their meeting schedule immediately in case of a potential crisis. Thirdly, besides the focus on financial data, board members use other sources of information and a stakeholder perspective as an important source to supervise the executive board's work.

Online publication date: Sun, 04-May-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management Practice (IJMP):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com