Advisory Board Centre – Webinar: Executive Insights

Executive Insights: USA Spotlight

CAW Network USA members and associates are invited to attend this free webinar provided by the Advisory Board Centre.

The Role of Advisory Boards in the Future of Board Governance with Insights from the 2023 State of the Market Research Report

As we begin to see more organisations being held accountable for their decision-making in the public eye, organisations are looking beyond profits and addressing areas that have historically been ignored, such as environmental footprint, cyber security and the emergence of AI, and gender and race diversity. An emerging trend is the emergence of Governance Systems, where governance boards and advisory boards start working hand-in-hand, to produce a more effective model of decision-making.

The Evolution of Advice

This trend has sparked a notable shift in the business leadership landscape, influencing the reliance on advisory structures. It becomes crucial for business-leaders to assess and adapt their advisory structures to align with this new style of governance system. However, is this transformation as straightforward as it seems?

Whilst the tide is changing, many organisations are yet to adapt to this new model and ultimately governance boards need more influence to embrace these changes. ‘How can the independent chair of an advisory board bring forward the stakeholder view, to add value to and inform the governance board?’

For a fresh perspective into the advisory arena and how the dynamics of both of these roles can interact with each other in order to best support an organisation, join Udo Doring and Mike Richardson as they explore this emerging aspect of corporate governance. Drawing on insights taken from the 2023 – 2025 State of the Market Report and real-world examples and applications of advisory boards in America and beyond, this promises to be an interesting analysis of some key questions for boards:

Leveraging Megatrends:
As governance board agendas expand, the influence of the Stakeholder Economy is becoming more pronounced. Business leaders and governance boards now have an opportunity to prioritise external and independent advice.

Embracing Change:
Identifying these Megatrends is just the beginning. Business leaders and governance boards must actively embrace change. In some industries, advisory boards are mandated, and this shift is likely to extend across various sectors, particularly those with vulnerable customers.

Wider Adoption:
The traditional presence of governance boards in large organisations is evolving. With increased societal responsibility, businesses of all sizes are turning to independent, unbiased advice. Assessing Advisory Boards: Business leaders should evaluate the value provided by their advisory boards and ensure they align with the organisation’s needs. Establishing a functional governance system where governance boards collaborate effectively with their advisory counterparts is essential for organisational success.

Accessing External Counsel:
Business leaders who haven’t yet implemented independent advisory boards can benefit from external counsel. This approach allows organisations to address emerging business landscape challenges without the need to expand their governance boards’ size or scope.

Register HERE