Corporate Governance: Understanding the Impact of Governance Actors on Strategic Decisions

Dr. Jason Cavich, a professor of management strategy at the Huizenga College of Business, presents a webinar on strategic governance. Beginning with an introduction of his background and credentials, Dr. Cavich outlines the importance and complexity of corporate governance, noting its role in directing and controlling companies. He provides global statistics on company numbers and types, emphasizing the need for strategic governance practiced by board members who act as strategic partners to CEOs. Dr. Cavich discusses the significant external and internal actors that influence corporate governance strategy, including board committees, institutional investors, employees, and various stakeholders. He explains how companies should shift from short-term profit focus to long-term value creation. Various strategies like corporate, innovation, and global strategies are examined with real-world examples like Unilever and activist investors. Dr. Cavich concludes by offering recommendations for future governance, emphasizing diverse boards, quality shareholder engagement, and long-term strategic focus.