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Strategy for the board

Boards are responsible for determining their companies’ strategic direction and ensuring the long-term survival and health of the business. Boards are also responsible for setting the company’s purpose and ensuring that the executive translates purpose and strategic direction into ambitious but achievable goals and business plans. The most successful companies have full alignment and a symbiotic relationship between board and the executive when it comes to strategy and purpose.

Featured content

ARTICLE

In it for the long haul

  • ICAEW Insights
Businesses of any size require a set of long-term goals and a detailed plan for how to achieve them. Three very different companies share how they go about this.
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GRAPHIC

Navigating change to stay ahead

  • ICAEW Insights
While all businesses may follow a set long-term strategy, they must be ready to navigate major change when the need arises, and then prepare again for further change in the future.
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Graphic with icons

How boards of accounting and finance firms can benefit from shadow boards

  • Corporate Governance Department
Shadow boards can be considered as a tool for navigating a turbulent and ever-changing business landscape. Find out how accountancy businesses can see the same benefits from setting up a shadow board that other sectors are already experiencing.
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office
Article

The critical role of boards in developing strong ethics and compliance

  • ICAEW Insights
Increasing regulation and public scrutiny of corporate behaviour means ethics and compliance is now a vital part of the boardroom agenda.
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Board meeting room people staff diverse ICAEW ethics compliance

Further content

Further resources on strategy

Defining your company’s approach to business. Use our selection of articles, reports, tools and books to find more information on all aspects of corporate strategy.

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