My company had its first meeting of its strategic advisory board this past week.
All I can say is wow – I benefited from it in ways that I barely could have imagined when first organized.
Here is what I got out of it:
That Often It is Better to Receive than to Give: While advisory board members, unlike a formal board, do not have liability nor fiduciary responsibility, their time and energy requirements to participate are significant.
And for most smaller companies, the financial incentives it can offer advisory board members are relatively little compared to the value of board members’ time.
To read the full, original article click on this link: The "Why" and the "Which" | Growthink
Author: Jay Turo
