The Supervisory Board in Late Capitalism: A Strategy Analysis

Contemporary capitalism poses challenges for supervisory boards that go beyond simple financial oversight. This article examines the transformation of these bodies into centers for resolving conflicts between strategy and organizational culture. In an era of deglobalization, investor activism, and Knightian uncertainty, boards must become laboratories of long-term rationality. The text explores Dambisa Moyo's three axes of responsibility and contrasts corporate governance systems such as the German Mitbestimmung and the Nordic model. This is crucial reading for leaders seeking answers to the question of how to build institutional legitimacy in a world of divided loyalties and dynamic changes in ESG and cybersecurity. This analysis sheds new light on the role of oversight in shaping the future of global business.