ADVISORY BOARD FORMATION

Advisory boards are must-have today. Forward-looking companies use advisory boards to bring fresh perspectives on strategy, economic trends, and specific geographic markets — as well as alerting statutory boards to issues that may not be on their radar.

Service Overiviews

  • 01
  • 02
  • Formation of advisory board of the client company.

    A wide array of advisers are available to organizations. The board’s objectives and terms of reference, as well as the expected time commitment, should be established from the start. When considering setting up an advisory board, an organization or a company should understand the issues on which the advisory board will contribute and then determine the experience, skills, and attributes that are best placed to assist. We are helping companies in their endeavors to find professional advisory board members, look at the role and contribution of advisory boards more closely.

  • Accompaniment

    We are leveraging the advantage of helping the company to understand their needs and outline their vision and as well as targeting potential advisors for their specific expertise according to the client’s expectations. You’ll receive the full cycle support in terms of various organizational and technical aspects, such as following their regular advisory meetings procedures and helping to receive maximum value from the work of every advisor.

Our Process

  • 1

    Company Onboarding

    Understanding the requirements and goals of the client. Determining the number of slots for advisors in the company
  • 2

    Advisor Type

    Coming up with the type of advisor needed (expertise, focus, background etc.)
  • 3

    Outreach

    Creating the list of potential candidates for outreach; outreach to the chosen individuals; setting up calls and meetings
  • 4

    Advisor Onboard

    Nurturing process, discussing terms and signing up an advisory agreement

Payment Process

  • $1,500 include 70 hours of work for

    • Onboarding
    • Strategy formation
    • Outreach execution
    • Nurturing prospects

+$999 per potential candidate onboarding to your companies who fit all the criteria

FAQ

  • 1. What Is An Advisory Board?
  • 2. Why an advisory board?
  • 3. What are the benefits of having an advisory board?
  • 4. Who sits on advisory boards?
  • 5. Should advisory board members be paid?
  • 1. What Is An Advisory Board?
    Advisory boards are a group of individuals that effectively supplement the statutory board’s skills and abilities to help guide the organization toward its stated mission. They are not substitutes for statutory boards of directors and do not have authority over the governance of an organization. The selection and oversight of management, monitoring of performance, approval of strategy and assessment of risks are all subjects properly reserved for the mainboard. The primary role of an advisory board is to provide the board with key information and to make recommendations to them on certain matters. An advisory board can support the board by providing expert insight or contacts, but it must be clear where ultimate decision-making authority and collective responsibility lie.
  • 2. Why an advisory board?
    Advisory boards may be created to supplement the statutory board’s knowledge on any issue deemed important to the company’s future and provide access to leading experts on those issues. These include disruptive new technologies in the company’s industry, such as blockchain and fintech in financial services, the Internet of Things in industrial, driverless cars in automotive, or wearable monitoring devices in healthcare. Advisory boards can also provide fresh perspectives on strategy, economic trends, or specific geographic markets and regulatory regimes, and they can alert statutory boards to issues that may not be on their radar.
  • 3. What are the benefits of having an advisory board?
    Having an effective advisory board can bring benefits to an organization including: drawing on the experience, skills, and knowledge of people who have practical experience in the business or strategies of like industry organizations; enhance the organization’s reputation and credibility in the marketplace; increase consumer and investor confidence; gain the benefits of an advisory board’s inputs without the complications and risks of the advisory board members becoming members of the mainboard.
  • 4. Who sits on advisory boards?
    Typical members of advisory boards may include: legal adviser; accountant; marketing expert; HR expert; financial adviser; entrepreneur; industry expert; technical expert; social or industry sector representatives, for example, consumer advocate, union representative, employer representative; semi-retired business people who have a depth of relevant industry experience.
  • 5. Should advisory board members be paid?
    This is a matter for each organisation to decide for themselves in negotiation with the proposed advisory board member(s). Some organisations may reimburse advisory board members for out of pocket expenses; others may pay per meeting attended; others may pay a retainer. Advisory board members may benefit in non-financial ways from their involvement. They may become exposed to new ideas, expand their networks, use their skills and knowledge in new ways without the burden of fiduciary duties and possibly enhance their credibility if associated with other people of influence and business/community standing on an advisory board.

Testimonials

Want to reinforce your business? Schedule a free consultation with us in 20 seconds!

+1-209-813-2474 |  123 Mission St, San Francisco
Get a custom-created list of 51 potential investors with a 50% Discount! Learn More