ADVISORY BOARDS

In today’s complex and regulated corporate environment - it is crucial for businesses and organisations to receive an independent and commercially sound overview of their performance for increased integrity and credibility.

Many smart businesses recognise that seeking the advice of experienced professionals is an effective way of avoiding obvious mistakes - seeking out potential business opportunities and learning from others who provide a unique perspective to the growth of your business.  

Establishing an Advisory Board is a way of formalising this process and setting Clients business up for sustained success.

An Advisory Board provides a sounding board to the CEO or owners of small to medium businesses.  As well as acting as Clients business confidante - Advisory Boards can provide strategic advice and the complementary skills required to take to the business to the next level.

WGC Advisory Boards are made up of professionals and executives that lend credibility and invaluable advice to Clients business.  Even the best business owners can get lost in the detail - an Advisory Board provides stable - knowledgeable and reliable support to help maintain a strategic focus for the business.  Alternatively - it may be appropriate for WGC to participate as a Director for the Client’s corporate entity.

WGC is perfectly placed to assist Clients with the creation and running of an Advisory Board.  With the broad in-house expertise in all aspects of governance - financial management and business strategy - WGC can provide potential Advisory Board Members from within WGC ranks - identify other possible board members inside WGC wide networks - and assist with the establishment and ongoing running of the Advisory Board.

The areas an Advisory Board can assist with are as broad as the range of issues that can face any business.  Typical examples include:

  • Improved decision-making based on sound financial information

  • Confirmation of information provided by Advisors or Management

  • Ability to prepare Annual Financial Reports and other corporate documents with independently verified information

  • Knowing compliance issues have been covered based on up-to-date knowledge of legislative and regulatory issues

  • Identification of material weaknesses and risks in internal controls

  • Appropriate Management Strategies for business improvement

  • Increased comfort for lenders or other external stakeholders that can lead to improved funding opportunities

  • Negotiating a period of high growth

  • Considering the options when looking to raise funds

  • Identifying ways to maximise shareholder returns

  • Strategy Development and Review

  • CEO Recruitment and Performance Management

  • Succession Planning

  • Mediation between the Business owners and CEO

  • Connection with external resources (e.g. technical expertise).

Contact

Address

Level 7 128 Exhibition Street
Melbourne VIC 3000

Professional Alliances

Tax Agent

25547336

PO Box 18056 Collins Street East
Melbourne VIC 8003

Postal

+61 3 9654 1811

Phone

Email

Fax

+61 3 9654 1717

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03 9654 1811