AADVISORYBOARD.COM

Executives can express partially defined or tentative view to an advisory board since advisory board's sole purpose is to provide advice. This allows them to "test-drive options" before they face the board of directors which demands definitive and assertive business decisions. The board of directors assesses the CEO and establishes his or her compensation. While an advisory board may induce change in the company for the benefits of the company, a board of directors inducing change in the company could suggest a lack of confidence in the senior management team. This imposes great pressure on senior executives and could become a barrier for senior executives to express their issues and seek advice from the board. Thus, our advisory board could be a ‘safe harbor' for senior executives to seek advice and test business options... You may need advice on a particular aspect of your business (such as marketing, product direction, Leadership, customer service or contact network expansion)...

Primary location: Hurley United States