Editorial: Corporate board structure, strategy and performance in uncertain times

Abstract

Corporate managers make choices that seek to improve the performance of their organisation. These decisions involve interpreting and framing the environment, developing and implementing programmes and services, and creating processes and structures to monitor and control resources for optimal impact (Brown & Iverson, 2004). Board performs a critical function to monitor environmental trends that might affect organisational performance. The strategy adopted by the corporate board will have a considerable impact on their performance. The literature also suggests that the composition of the board will be contingent upon the characteristics of the firm’s external environment, the demands of its strategy and the salient contextual factors and the past financial performance of the company (Pfeffer & Salancik, 1978). These issues are addressed in the collection of high-quality papers in this issue of Corporate Board: Role, Duties and Composition.