Advisory Board Support

Description

What will we do for you?

We can provide a range of subject-matter experts to sit on your advisory board as often and for as long as you want. The fresh perspectives that advisory boards offer can help the statutory board resist groupthink, supplement their knowledge, and arm them for more nuanced oversight. At the same time, the advisory board’s suggestions are just that… nonbinding suggestions. The statutory board and management are free to incorporate as much or as little of the advice as they judge appropriate. For CEOs, advisory boards can provide a sounding board for new ideas, a source of potential mentors (which are in short supply for chief executives) and a wider network of high-level contacts. Advisory boards can also attract highly accomplished leaders and experts who would otherwise be unavailable because:

• Members are not subject to director liability or to the intense public scrutiny that statutory boards face.
• The tighter focus of advisory boards enables fewer but more efficient meetings, typically two a year, making fewer demands on the time of already very busy people, many of whom might be otherwise fully “boarded-up.”
• Advisory boards, as with statutory boards, offer members the opportunity to expand their experience and knowledge and network with other members.