I’ve see an increased interest among my clients in creating a “business advisory board.” The purpose I hear most often in developing this type of board is to provide the owners with insight or expertise that they don’t have in house. A close second is that the board helps owners develop strategic perspective on the business. The other common purpose is the accountability an outside group brings to keeping the owners focused on their plan.
What does a business advisory board look like? It typically includes individuals who represent the main functions of a business (namely marketing, operations, human relations, banking, finance and tax, as well as legal). I find that businesses particularly focus on finding advisers in areas they don’t have “inside” the company or don’t feel their internal expertise is as deep as it should be.
Cunningham Dalman, PC publishes this web site and its component parts to inform users about our firm, our attorneys and general new developments in the law. The web site and blogs are not intended as legal advice on any matter. There are many factors that may affect your situation. You should not act or refrain from acting because of information found here without first seeking appropriate legal or other professional advice from someone who is familiar with your particular circumstances.
In the operation of this web site and our blogs, we do not intend to create an attorney-client relationship with you and no such relationship shall be created by your use of this web site. Such a relationship can only be established to the extent an attorney at Cunningham Dalman, PC expressly agrees to undertake the relationship. Please do not communicate to us any information you regard as confidential unless and until we have established a formal attorney-client relationship with you. Any information you send to us before we establish an attorney client relationship may not be privileged or confidential. Information you send to us over the Internet may not be secure.