“Strategic oversight” is a concept which we promote as capturing the intent of good governance. Reflecting both legal duties and business principles, it involves the primary obligation of directors and councilors to
• look to the long term, make plans, and
• periodically check on performance against assumptions and operational reality,

and assess and update the strategic plans as necessary. The use of information technology is starting to allow decision-makers to spend more time thinking and less time looking for, or reacting after the fact to, information.