Board of Directors’ Involvement in Strategic Decision Making Process: Definition and Literature Review

Over the past few years, research in corporate governance has devoted increased attention to board of directors’ involvement in the strategic decision making process. But in spite of its growing interest, the literature provides theoretical pluralism and mixed empirical results. Indeed, the concept has not been well defined by past studies and there is no consensus about its operationalization. In this paper, we review the literature on board’s involvement in the strategic decision making process and question the definitions of this phenomenon and if an operational measure can be proposed for future research.