Do you already have a formally appointed board of directors who are overwhelmed with the current workload or maybe they are simply too operational? It may be wise to implement an Advisory Board to improve your company performance. If you wish to find out how to do this with confidence purchase fds' standard guide and terms of reference.£49+VAT
Whilst a board of directors has extensive legal and governance obligations, an advisory board is entirely different.
Not least of which they are there to support you, the entrepreneur, not necessarily the same as the board whose job it is to look after the company.
In addition, whilst boards of directors are usually remunerated for their time and risk, advisory boards often only ask for reasonable expenses.
However, setting them up properly with correct and robust terms of reference is a must do, to ensure value added is a given for all parties.
Our simple how to guide will help you set up the advisory board that works well from the start. We have a Standard Advisory Board guide: which you can utilise and tailor for per your company's requirements - £49 + VAT, this is available at our online shop.
If you require further information on this product please do not hesitate to contact us.