We have entered a brave new world of corporate strategy, according to Dennis Carey in response to the corporate world’s compliance with the latest regulations coming from the Sarbanes-Oxley Act, (SOX.) Now that the adjustment to the new regulations has been successfully made, boards need to re-tool their strategies for success so that there is a new emphasis on human capital and creating better value for the shareholders of the corporation.
Increasingly, says Dennis Carey, it is growth, innovation and creativity that drive the agenda of the top executives. But boards do not function in a vacuum. On the contrary, although boards of directors set strategy and policy, it is management that of necessity must implement that strategy. Therefore, Dennis Carey continues, the boards that create good working relationships and partnerships with their management will find that their strategies will not be left behind on the drawing board, but will be implemented. This is a true formula for success.
