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Keywords:

  • Corporate governance;
  • leadership;
  • corporate directing;
  • executive directors;
  • non–executive directors

This paper elaborates the concept of corporate directing, integrating the processes of governing, strategising and leading by which small groups of people effectively “run” organisations. If governing and strategising are the warp and weft of this fabric, then leading is the textural imprint that is created through the enacting of corporate directing. Based on two ESRC–funded research projects (1987–9 and 1998–2000), it offers data on which this concept is based, drawn from large UK plcs (e.g. Prudential, Marks & Spencer) and selected institutional investors (e.g. Hermes, Philips and Drew).