<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and (2) how are supervisory board’s structural attributes related to the intensity of strategic involvement. Our results indicate that supervisory boards indeed have an active role in shaping and supporting the corporate strategy. Strategic activities that supervisory boards most often execute are authorizing strategic decisions proposed by the management board and crisis management activities.</p>
</abstract>

The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and (2) how are supervisory board’s structural attributes related to the intensity of strategic involvement. Our results indicate that supervisory boards indeed have an active role in shaping and supporting the corporate strategy. Strategic activities that supervisory boards most often execute are authorizing strategic decisions proposed by the management board and crisis management activities.

Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of...

Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies

Published Online: May 26, 2021

Page range: 42 - 50

DOI: https://doi.org/10.2478/sbe-2021-0004

Keywords
corporate governance, supervisory board, strategy

© 2021 Lana Cindrić, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies

Published Online: May 26, 2021

Page range: 42 - 50

DOI: https://doi.org/10.2478/sbe-2021-0004

Keywordscorporate governance, supervisory board, strategy

© 2021 Lana Cindrić, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
corporate governance, supervisory board, strategy