1. The Value of Advisory Boards By: Susan Hammond

    The Value of Advisory Boards By: Susan Hammond

    In a study titled Advisory Directors published in June 2011 looking at the impact of advisory directors in public companies, the authors found:

    Advisory directors possess the experience desired by CEOs in matters of strategic decision making including entrepreneurial experience, advanced degrees, and CEO-level experience.

    • These advisory directors are independent board members without a principal monitoring committee responsibility but do serve on an advising committee.
    • Advisory directors are associated with better strategic decisions, higher acquisition returns, shorter deal-time completion, increased and better-quality innovation and higher firm value.

    If these results can be obtained by a public company there is every reason a properly assembled advisory board of a private company can obtain similar results.

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