Abstract
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.
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