Understanding and managing stakeholders has become central to high-quality corporate governance, particularly as organizations are increasingly interdependent with a wider range of stakeholders around them.
Effective stakeholder management enables boards to identify, evaluate, and manage changes in their global business ecosystem that may have significant implications for their business strategy and their capacity to implement it. Yet many boards struggle to understand the complex dynamics presented by stakeholders and the strategic implications of stakeholder management.
With IMD’s Stakeholder Management for Boards, you will gain new insights into the broader stakeholder environment, how to integrate market and nonmarket strategies, and best practices for boards to ensure the organization and senior executives are attuned to the risks and opportunities. Through the program content’s theoretical and practical approaches, you will gain a more sophisticated understanding of stakeholder management and learn diverse tools that you can immediately apply to your organization to achieve best-in-class practices.
You can join the program for a standalone learning experience, or as part of one of IMD’s board diploma pathways.
Board responsibilities & stakeholder management
- Explore the evolving stakeholder/capitalism context.
- Understand board responsibilities, capabilities, and constraints in stakeholder management.
- Learn how to shape government policy.
- Examine how to align market and nonmarket strategies.
Stakeholder management in action
- Transform your learnings into action.
- Explore the role of NGOs and nonmarket strategies.
- Examine the role of employees and the challenge of visibility on organizational culture.
- Master the art of crisis management.
Vice-Chair Board of Directors, Vontobel Swiss Financial Advisers AG, Switzerland
The program widened my perspective on the relevance of all stakeholders and helped me determine which stakeholders to prioritize and how to focus on them.
Principal, Novo Holdings, Board Member, Asgard Therapeutics, Denmark
It’s much more than just the learning and the quality of the professors and guest speakers. A big component of what you get from the program is being exposed to the breadth of experience and knowledge of the participants.
Board Member, Dierberger Group, Brazil
I think this program is extraordinary. I believe that not only will I go back and start doing things differently in the short term, but it will have a long-term impact, too.
Senior Advisor, J.Stern & Co., Chair, Women in Football, Independent NED and Board Member, Turkey
It was an amazing mixture of theory, lectures, learning from peers, and an outstanding simulation. It was extremely insightful, challenging, and mind opening.
Length: 2 days on campus
“Boards are increasingly confronted with competing interests. IMD’s Stakeholder Management for Boards is a deep dive into handling competing interests and often complex dynamics. You’ll be empowered to decide which stakeholders you are going to prioritize and deprioritize for effective governance.”
Michael Yaziji is Professor of Strategy and Leadership. With two PhDs, his expertise spans strategy, leadership, and sustainability.
In the area of strategy, his current focus is on artificial intelligence, on which he lectures regularly. He leads the IMD faculty interest group on the topic and initiatives across multiple institutions (IMD, EPFL, and UNIL).
In the area of leadership, his latest research includes the world’s largest survey tying together psychological drivers, psychological…
Michael Yaziji is Professor of Strategy and Leadership. With two PhDs, his expertise spans strategy, leadership, and sustainability.
In the area of strategy, his current focus is on artificial intelligence, on which he lectures regularly. He leads the IMD faculty interest group on the topic and…
Michael Yaziji is Professor of Strategy and Leadership. With two PhDs, his expertise spans strategy, leadership, and sustainability.
In the area of strategy, his current focus is on artificial intelligence, on which he lectures regularly. He leads…
Two pathways to board excellence
