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.
Vice-Chair Board of Directors, Vontobel Swiss Financial Advisers AG, Switzerland
The program widened my perspectives on the relevance of all stakeholders and helped me determine which stakeholders to prioritize and how to focus on them.
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.
Length: 2 days on campus
IMD board diplomas
