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Purpose

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

It has generally been accepted that the board of directors has an obligation to oversee and manage the affairs of the corporation while taking into account the best interests of the shareholder. Over time, however, corporate ownership has become separated from managerial control. Boards delegate to managers the day‐to‐day running of the organization, and in order to do so, managers have the authority to make decisions with varying levels of risk attached. Corporate boards are supposed to regularly monitor management's performance.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

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