Page 32 - Stakis Consolidated Teaching Note
P. 32
-When Andros became chief executive he made
strategic decisions and presented them as a fait
accompli to the board.
-Sir Lewis took over the strategic decision making role
with necessary reference to the City, until he had
appointed a successor to Andros.
-David Michels approaches strategic decisions as
being part of his remit but in consultation with the
Board.
Q : Where does the power lie?
A : There can be little doubt that up until 1991 power lay
firmly in the hands of the Stakis family who had over 25
per cent of the issued shares. The appointment of Andros
as chief executive effectively maintained this family
dominance. After 1991 power reverted to the board
which was by then a highly professional team.
Q : To what extent can Stakis management be categorised
as :
Proactive, Adaptive, or Reactive?
