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Boardroom Decision-Making in the Face of Change

Supervisor

Abstract

The board of directors plays a central decision-making role in the governance of the public corporation. They generally add value through the (i) monitoring of management, (ii) provision of advice and access to critical resources, and (iii) setting of the long-term strategy of companies. Diligently fulfilling these tasks is becoming more challenging, with boards facing increased stakeholder demands and pressures around important societal issues such as climate change, slavery and human rights, disrupted global supply chains, depleting natural resources, and cybersecurity. These issues take boards into unfamiliar territories with limited lessons from the past being able to guide them. This raises important questions: (i) how do boards acquire the right knowledge and skills to successfully engage with today’s grand challenges, (ii) how should boards effectively integrate these issues into their boardroom decision-making and (iii) what kind of support is needed to assist boards in dealing with these new challenges? Further details about this PhD project are available here.

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