The push for outsider dominance on boards has the benefit of including more Internal oversight of the CEO and the company strategy.
A strategy is a long-term plan that you complete for your company to reach the expected, future state you envision. A strategy includes your company's goals and purposes, the type of products/services that you plan to build, the clients who you want to sell to and the markets that you serve to make gains.
A good strategy delivers a clear roadmap, consisting of a set of guiding principles or rules, that describes the actions people in the business should take (and not take) and the items they should prioritize (and not prioritize) to reach expected goals.
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