Advisory Boards: Practical Insights on their Impact on Businesses and Delivery Models for Firms & Practitioners

Description

The utilisation of advisory boards globally has doubled since 2019. It continues to grow due to key decision makers navigating carefully the complexity of growth, managing change and governance constraints. It has become the practical pathway to the board room.

This practical workshop aims to provide participants with comprehensive insights into the crucial aspects of advisory boards for Singapore. It will also be a useful recap for professionals and business owners on common best practice models, how and why they are used and ethical considerations for practitioners.

Program Coverage includes:

• Common Models Today
• Where advisory boards sit in the landscape of advice
• How advisory boards vary to governance boards and consulting
• Different types of advisory boards
• Structures and lifecycles of advisory boards
• Best practice principles (referring to the ABF101: Advisory Board Best Practice, Third Edition, 2024)
• Motivations for businesses & organisations to have an advisory board
• Regulated and unregulated advisory boards globally
• Drivers for purpose led project advisory boards
• Most common triggers and benefits
• Professional service considerations
• Personal liability and exposure
• Ethics in advice (referring to the Code of Ethics for Advisory Board Professionals – edition 3 September 2024 release)
• Advisory Firm structures and boundaries
• Common Individual board professional portfolio of services

Programme Outline

This practical workshop walks participants through the basics of advisory boards using case studies. It will include scenario considerations.

Areas covered:

Establishment

• Managing owner or sponsor expectations
• Process overview of meetings, orientation, mentoring and measurement
• Management considerations of the Charter, meeting reports and minutes

Roles and Responsibilities

• The role of the
• Chair
• Advisor
• Director
• Consultant

Ethics Considerations

• Boundaries to advice
• Decision making planning
• Relationship of advisory board members
• Principles of Clarity of Scope, Independence and Fit for Purpose
• Case studies and scenario planning

This workshop qualifies for 0.5 CPE hours in Ethics and Professionalism (Category 2) and 3.0 CPE hours (Other Relevant Expertise).

What you will learn

• Gain a practical overview of the advisory boards and the critical requirements that all Advisors, Accountants, Directors and Officers of the company must know
• Learn about the features of different advisory board structures including roles and responsibilities
• Keep updated on recent trends on advisory boards around the globe
• Understand the key features on best practice and ethical considerations for different types of advice

Target Audience

• Business owners/private companies
• In-house corporate secretarial professionals
• CFOs
• Advisory professionals and partners
• Corporate secretarial professionals
• Middle management and above

Expert Speaker

Louise Broekman

Louise Broekman is an award-winning entrepreneur, researcher, business advisor and founder of the professional body for the advisory board sector, with industry and government recognition for her contribution to the business sector.

Louise has the unique advantage of having been on both sides of the table; in the shoes of a founder and that of a chair of multiple Advisory Boards.

Louise, recognised first-hand how a well-run Advisory Board can positively impact CEOs and the business at large. Upon exiting her multinational business, Louise led international research and served as chair for commercial Advisory Boards. As founder of the Advisory Board Centre, operating in over 29 countries, Louise also leads the Global Research Council, the education Faculty and is an in-demand speaker, regularly called upon as the leading voice for Advisory Boards globally.