ADVISORY BOARD EXPERTISE

Advisory Board Value

Provide “savvy counsel” on issues raised by the owners/directors or management. Provide the directors and management with insights and ideas which can only come with arms length distance from the day-to-day operations. Encourage and support the exploration of new business ideas

Why have an advisory board?

Company organizations considering setting up an advisory board must answer an important question: “Why are we considering establishing an advisory board and what do we want out of it?” The organization may be seeking sage advice with anything from scalable growth to managing complex business challenges while supporting the management team. Thinking carefully about an advisory board’s purpose will ensure that it will be structured to maximize its contribution to an organization’s success.

Advisory Board Role

  • An informal group of experts who offer advice and insights
  • Provide guidance on finances, business plans, and investment opportunities
  • Help fill gaps in expertise and contacts
  • Have no legal responsibility for the company’s governance
  • Do not have voting rights or decision-making authority

Safe Idea Vetting

Advisory boards provide safe harbours for executives who may be able to test -drive options before they are forced to be more definitive and assertive before a board of directors, which assesses the CEO and establishes his or her compensation. A CEO may feel more comfortable expressing partially defined or tentative views before a group whose sole purpose is to provide advice. For the same reason, an advisory board may also serve as an instrument of change, both as a sounding board for senior executives, and as a body that can inspire change in cases in which comparable suggestions from the board of directors might suggest a lack of confidence in the senior management team.

Savvy Advisors Relevancy as Board Members

  • Private and public organization leadership experience
  • Current representation on private company advisory boards
  • Consulting experience with a variety of client organizations & industries
  • Scalable growth, go to market & mergers and acquisition experience
  • Senior leadership team mentorship capability
  • International business experience, USA and beyond