A few years ago, an annual strategy session or retreat was considered sufficient for boards and management teams to feel that they were ahead of the curve. Fast forward to today, and the nature, need and frequency of those strategy discussions are rapidly evolving.
In this episode, Paula Loop, Leader of PwC’s Governance Insights Center, returns to Inside America’s Boardrooms to discuss the board’s role in strategy—particularly, how that role is evolving amid today’s competitive landscape and emerging technologies.
Strategy continues to be a topic that [directors] are embedding and infusing into all the decisions and all the thinking that board[s] do throughout the year. So when [directors] are thinking about board composition, they should [have] an eye to the strategy of the company and where the company is trying to go. Same thing with talent and compensation issues…you want to [filter it through] that strategy lens.
Sharing insights from a recent PwC publication, The Board’s Role in Strategy: Getting the Process Right, Loop discusses how today’s boards can balance “the short-term” with “the long-term”, yet also create a road map that’s flexible enough to adapt. In this episode, Loop and host TK Kerstetter cover:
- How are emerging technologies evolving strategy discussions for today’s boards?
- How does the board-CEO relationship impact the board’s role in strategy?
- As investors request more disclosure around strategy, how should boards be communicating the company’s plan for long-term value creation?
PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.