If you scratched your head on any of these questions, this might be a great time for you to start or build on your advisory board. An advisory board gives you access to a group of experts specifically for the purposes of growing, expanding and innovating your business, but has no voting rights.
Canadian mining company GWR Resources recently added three new members to its advisory board. Two of the members have strong environmental and engineering experience, while one had a corporate background. “As GWR looks to a future of growth, it’s vital that the company get timely insight and knowledge from experts who know and appreciate our business,” President & CEO David H. Brett said in a public statement.
Enevate Corporation, a maker of lithium ion batteries, recently added Steve Altman, former president and vice chairman of telecom company Qualcomm, to its advisory board. “We are at a strategic inflection point in our company’s history and Steve brings a wealth of knowledge gained from his years in senior and executive leadership roles at Qualcomm,” said Brian Wong, CEO and President of Enevate. “Steve’s proven track record and experience in the telecommunications industry will help guide us through our growth.”
Advisory boards can help keep companies on track with their goals. “What we find is that the processes and disciplines introduced through having an advisory board filters right through the company and that in itself helps drive the performance of the company,” says Helen Down, founder of Advisory Boards New Zealand. “Just knowing the monthly Advisory Board meeting is coming up tends to focus all those involved!”
Here are 5 tips for getting the most out of your advisory board.
A board of directors is busy with critical business functions. An advisory board, on the other hand, is free to explore and innovate. The former keeps your business alive, but the latter can help keep it moving forward.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
