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Ownership strategy is a governance mechanism formulated to reach consensus between owners on how to direct their organization towards value creation. Once implemented within an organization, questions arise as to how the ownership strategy influences board dynamics, board decision-making, and, if the company’s governance improves as a result. These important questions are addressed in this study by means of a theoretical discussion and empirical case-based research. This approach looks at how an ownership strategy influences board dynamics as defined by the intellectual capital framework by Nicholson and Kiel (2004). Results of the study suggest that an ownership strategy influences board dynamics and affects board decision-making through board procedures and norms. The results suggest a positive association between board dynamics and an ownership strategy as it creates a clearer …