Strategic advisory boards represent a growing trend. In complex, disruptive, and challenging environments, external advisors can bring outside-in perspectives and independent advice on various company needs such as industry expertise, digital and technological advances, generational and millennial issues, a consumer mindset, business transformation, a start-up mindset, and sustainability trends and challenges.
Odgers Berndtson partners with the world's most respected companies to build advisory boards from scratch and help them tackle their most pressing issues. We use the following integrated approach to help clients define advisory board purpose, governance, composition, and dynamics, and help them search for and identify the best candidates for the roles:
- Purpose & Mandate – We develop a clear understanding of the advisory board's purpose, goals, agenda, challenges, and how they add value to the organization.
- Structure & Processes – We design the advisory board's governance model, including its composition, structure, processes, compensation model, and supporting resources.
- Profiles & Candidates – We define the ideal mix of experiences, skills, and competencies and search for the best candidates for the role.
- Dynamics & Onboarding – We define rules of engagement and protocols that ensure effective interactions among board members and individual commitment to the board's mandate and guarantee the effective implementation of the onboarding process.
We provide an independent, professionally guided process; benchmark against best practices; and search for the best candidates to ensure that the advisory board fulfills its strategic potential.
