There is much uncertainty and volatility in the global economy today. Now more than ever, it’s critical to future-proof your business. Are you struggling and feeling alone at the top?

Do you currently have an established advisory board or a Partner Advisory Council with regular meetings scheduled throughout the year? Is there a formal advisory board charter in place? Do you employ a qualified, independent Certified Chair™ to oversee and guide the strategic discussions of these executives? Are you actively collaborating with your Chair on a monthly basis to organize board agendas, develop meeting presentations, establish expectations, and clarify roles? Is the individual managing your advisory board capable of effectively fostering engagement between the board and your leadership team? Does your leadership team furnish updates to the advisory board regarding the feedback received during prior meetings? Lastly, are there documented meeting notes, surveys, and an annual ROI assessment conducted to ascertain the overall value derived from your advisory board?

Formal Advisory Boards provide specialized and strategic advice to support organizations in solving challenging business situations.  According to the Advisory Board Centre’s 2023-2025 State of the Market Report, 53% of newly created advisory boards are project based advisory boards lasting on average 3 to 18 months.  Additionally, it was noted that the average size of a business with an advisory board is $20 million.  Considering the advisory board sector grew 19% between 2020 and 2023, it's no wonder there are a multitude of Advisory Board types to choose from.