Understanding and Managing Strategic Governance

Praise for Understanding and Managing Strategic Governance Shi and Hoskisson have written a much-needed book that explicitly discusses the main players in corporate governance as well as the opportunities of using corporate governance practices to address the six main pillars in strategic thinking. Understanding and Managing Strategic Governance is a must-read for newcomers to strategic corporate governance but also for seasoned corporate governance scholars and practitioners who can get a more holistic view on the core role of governance in organizations' strategic thinking. -Ruth Aguilera, Distinguished Darla and Frederick Brodsky Trustee Professor in Global Business, Northeastern University; Board Chair, International Corporate Governance Society This book is relevant to my roles as a strategy professor and as an independent director. I'm going to get copies for all the executives I work with. -Amy Hillman, Rusty Lyon Chair of Strategy and Professor, Arizona State University; Independent Director, CDK Global, Bashas CEOs and boards of directors increasingly face a corporate governance conundrum. On the one hand, they are being pressured to more systematically address the interests of all their stakeholders in creating long-term value. On the other hand, activist investor groups are putting increased pressure on firms to maximize their short-term performance, despite the adverse consequences on long-term value creation such an emphasis can sometimes create. This book identifies this conundrum and provides concrete advice to CEOs and board members on how to manage it. It is a 'must-read' for CEOs and board members in the 21st century and for those interested in studying and teaching about corporate governance. -Jay Barney, Presidential Professor of Strategic Management and Lassonde Chair of Social Entrepreneurship, The University of Utah Written by two prolific and highly respected scholars, this book provides a comprehensive understanding of the increasingly important and influential field of strategic governance and practice. It is an authoritative source of knowledge on governance research, policy, and practice for scholars, executives, and major governance stakeholders. -Michael Hitt, University Distinguished Professor Emeritus, Texas A&M University Shi and Hoskisson are among the very top authorities on strategic governance in the world today, which makes this book indispensable to three groups of people: executives who are making strategic decisions, the board members and constituents who govern them, and those who are impacted directly and indirectly by their decisions, i.e., everyone else! It's informed by the latest research and chock full of illuminating examples. Highly recommended! -James Westphal, Harvey C. Fruehauf Professor of Business Administration, The University of Michigan