Strategy and Risk Oversight
Authors: Professor David F. Larcker and Brian Tayan,
Researcher, Corporate Governance Research Initiative
Stanford Graduate School of Business
One of the primary responsibilities of the board of directors is to monitor the strategy and risk of the corporation.
This Quick Guide provides a concise introduction to corporate strategy, key performance measures, and risk management.
It answers the questions:
• How does management develop a strategy?
• How does the board test the strategy?
• What metrics are used to measure performance?
• How are risks identified and managed?
For an expanded discussion, see Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (Second Edition) by David Larcker and Brian Tayan (2015): http://www.gsb.stanford.edu/faculty-research/books/corporate-governance-matters-closer-look-organizational-choices
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Copyright 2015 by David F. Larcker and Brian Tayan. All rights reserved.