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? ? ? Review and approve strategic goals and plans Review and approve anization39。s financial standards and policies Ensure integrity of anization39。s financial controls and reporting systems Approve an anizational philosophy Monitor anizational performance and regularly review performance results Select, evaluate, and pensate toplevel managers Develop management succession plans Review and approve capital allocations and expenditures Monitor relations with shareholders and other key stakeholders Other responsibilities may be assigned depending on the unique culture and needs of the anization The Role of Top Management Top Management ? ? ? ? CEO Chief Executive Officer COO Chief Operating Officer CFO Chief Financial Officer CIO Chief Information Officer The Role of Top Management Effective Strategic Leadership Exploiting and Maintaining Core Competencies Developing Human Capital Creating and Sustaining Strong Organizational Culture Emphasizing Ethical Decisions and Practices Establishing Appropriately Balanced Controls Determining Organizational Purpose or Vision Effective Strategic Leadership Involves Figure 15 Chapter One Questions