Study of Strategic Control Under Framework of Corporate Governance
Yao Xiao-li
Abstract
Yao Xiao-li
Abstract
Strategic control and strategic performance are the very core of management and governance.Strategic control is developing from management to governance.Shareholders and the parties concerned pay attention to strategic behavior of enterprises by evaluating,examining,appointing or removing managers so that managers will contribute to the creation of value and sustainable development of enterprises.The paper analyzes the mechanism of strategic control and integrates strategic control into the framework of corporate governance.The participation of board of directors and principal shareholders in strategic management includes financial control and strategic control.The paper reviews the related study at home and abroad,clarifies the content of strategic control under the framework of corporate governance,and offers some suggestions for the future research.
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Strategic control and strategic performance are the very core of management and governance.Strategic control is developing from management to governance.Shareholders and the parties concerned pay attention to strategic behavior of enterprises by evaluating,examining,appointing or removing managers so that managers will contribute to the creation of value and sustainable development of enterprises.The paper analyzes the mechanism of strategic control and integrates strategic control into the framework of corporate governance.The participation of board of directors and principal shareholders in strategic management includes financial control and strategic control.The paper reviews the related study at home and abroad,clarifies the content of strategic control under the framework of corporate governance,and offers some suggestions for the future research.
Key concepts: Strategic control, Corporate governance, Business, Strategic financial management, Control (management), Strategic management, Shareholder, Strategic planning