Advisory boards can be a boost to your borrowers

Description

Abstract: Borrowers who seek input from trusted professionals outside the company’s four walls tend to make better-informed decisions than those who keep decision-making close to the cuff. Private company advisory boards typically serve in an informal consulting capacity, bridging gaps in skills and experience. This article guides private companies on how to leverage the expertise of advisory boards, pick the right mix of board members and avoid potential pitfalls.