The second phase is developing the strategy, creating the organizational structure to support that strategy, getting the right people in the right roles, then putting the intra- and inter-organizational processes in place to be able to implement the strategy.

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All play crucial roles in developing an idea, pushing it up the corporate channels, developing a strategy and overseeing execution and implementation.

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In theory, members of a unitary board combine two tasks: developing the firm's strategy, in the broadest sense, and ensuring compliance with the law and best practice.

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