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.  

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

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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.

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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.

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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.

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

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• 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).

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