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Board Advisory
Most directorship boards are heavy with Financial and Legal professionals and limited on Sales, Marketing, Operational, and Commercial Excellence expertise.
At the same time once a business has passed through that initial small business stage and is successful at getting to the 10 million Turnover mark boards can be reluctant to give away equity in the business to gain that expertise onto the board.
This is where Egress can help through being an advisor to the board or chairing a committee to have an independent view.
"It's common for a board to go through
3 sets of executives when growing from idea to 5m, 15m, 50m,"(1)
Each of those business transitions needs specific expertise on the board and/or committees to handle those needs. boards are often filled with legal and accounting professions or ex-CEO's which can create a lack of diversity of thought.
Bringing in an independent advisor can rapidly challenge those existing paradigms and round out the skills.
(1) Betsy Atkins, Gina Sims, et al (2019) 'Be Board Ready the secrets to landing a board seat and being a great director.' New type publishing