Oftentimes, liability concerns inhibit companies from creating a formal Board of Directors.  Without this group, investors and internal company members can be left without external insights into the company’s performance.  An Advisory Board can accomplish those goals without the formality and liability.  If a company does seek to establish an Advisory Board, VXG will evaluate the company’s needs and identify desired member traits.  For example, perhaps a company would benefit from having a well connected member from a specific vertical, or maybe someone with specific operational expertise could help propel the company forward.  If needed, VXG can also help in the recruitment process to ensure the best possible team composition.

Posted in: Management Consulting