The Key Differences Between an Advisory Board & Board of Directors & More | Sound Bites on the Sofa скачать в хорошем качестве

The Key Differences Between an Advisory Board & Board of Directors & More | Sound Bites on the Sofa

In this spotlight, CopperFox Managing Partner Robert Erskine is joined by certified Advisory Board Chair, Leigh Featherstone, for a wide-ranging discussion on Advisory Boards. Their discussion covers what an Advisory Board is, why you would use an Advisory Board in your business, the difference between a Board of Directors and an Advisory Board, and the benefits Advisory Boards offer to businesses. So, what is an Advisory Board? An advisory board is a structured and collaborative method for organizations to engage with external advisors. Advisory boards act as a sounding board for either the owners, directors or shareholders of a company. Advisory boards are useful in scaling businesses as well as larger entities like emerging corporates, multinationals, non-profits, academia and government. A well-structured advisory board with best practice principles allows people in the organization to test their strategic thinking and access expertise or connections that may not be readily available via other means. Key Topics: 0:00 Introduction 1:48 When a business would use an Advisory Board 2:32 The businesses that typically use an Advisory Board 3:35 The key differences between an Advisory Board and a Board of Directors 5:17 The key responsibilities of an Advisory Board Chair 6:36 Setting up an Advisory Board 7:40 The uptake of Advisory Boards in New Zealand 8:50 How much it costs to set up an Advisory Board 10:45 The benefits of an Advisory Board 11:45 How flexible is an Advisory Board? 13:15 How to get in touch about Advisory Boards For more commercial intelligence for better business follow us on: Facebook -   / copperfox.org   LinkedIn -   / copperfox   Twitter -   / copperfoxnz   Website - https://www.copperfox.org/ #advisory #business #advisoryboards