BOARDROOM LEADERSHIP: THE BOARD OF DIRECTORS AS A SOURCE OF STRATEGIC LEADERSHIP

The aim of this paper is to bring together some of the foundational and recentliterature interlinking corporate governance and the leadership role of the boardof directors. Strategic leadership is widely assumed to be a responsibility that defaults tothe Chief Executive Officers (CEOs). However, in practice, what most CEOs do is strategicmanagement rather than strategic leadership. While strategic management doesshare key aspects of strategic leadership CEOs are expected to prioritize the managerialside over the leadership side. This is just one of the situations in which the boardroomassumes the leadership role. This paper discusses how boards of directors conductthe process of strategic leadership in their organizations. In recent years there hasbeen an increasing interest among scholars to understand how boards strategize froma behavioral point of view. This growing interest has resulted in the development ofvarious typologies regarding boards’ involvement in the strategic leadership processes.