The triadic structure of group knowing and decision making is used to analyse the adequacy of
corporate boards' decision-making processes. The more formal corporate processes suggested by this analysis
requires a higher commitment of time and cognitive energy by corporate directors. There follows a discussion of
the impact of the shift from managerialism to politicism on the way people throughout the organization see how
things should be done and the way the informal organization is prevailing over the formal hierarchy. The
changing focus of stakeholders is analysed through a discussion of the hierarchies of external, internal and
authority stakeholders of a corporation, leading to the conclusion that greater recognition needs to be given to the
political nature of the corporate, decision-making process.
