Part I: Re-framing the strategy-governance conversation -- 1. ‘Thinking born of curiosity, revolt, and change’ -- 2. Sensing, sensemaking, and strategic renewal -- 3. Microfoundations of strategic governance -- 4. Free energy principle -- 5. Conclusion -- Part II: Free Energy Governance...

Investment consultants market their services by claiming that their fund manager recommendations add significant value. Using detailed data from the leading investment consultants we find no such evidence. A forensic analysis of consultants’ disclosures reveals a number of practices that...