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The primary roles/obligations of a company's board of directors in the strategy-making, strategy-executing process include

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-playing the lead role in forming the company's strategy and then directly supervising the efforts and actions of senior executives in implementing and executing the strategy.

-providing guidance and counsel to the CEO in carrying out his or her duties as chief strategist and chief strategy implementer.

-overseeing the company's financial accounting and reporting practices, evaluating the caliber of senior executives' strategy-making and strategy-executing skills, and instituting a compensation plan that rewards top executives for results that serve shareholder interests.

-working closely with the CEO, senior executives, and the strategic planning staff to develop a strategic plan for the company.

-reviewing and approving the company's business model, and reviewing and approving the proposals and recommendations of the CEO as to how to execute the business model. PrevQuestion 6 of 26 Total6 of 26Visit question

Reference no: EM133149516

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