As we review best-practices at CEI, the creation and management of an advisory board that provides a well-rounded sounding board for our clients rises toward the top.
We are not talking about the formal Board of Directors who are responsible for the governance of the company and is typically composed of the founders and investors in the company. As the name implies, an advisory board is created to advise the founders in subject matter areas where they may be lacking knowledge and skills. In the article linked to this message we talked with Jean Ekobo, CEO of BioNovelus, an ecofriendly agriculture fungicide. We explore how he uses his board of advisors to guide his strategic vision, to fill critical knowledge gaps, and to leverage a network of connections.