ADVISORY BOARDS: Business and Local Community
HAF Advisors provide local businesses, communities and educational institutions sustainable growth through healthy ecosystem connectivity, performance and purpose-driven engagement-fulfillment of all stakeholders.
- performance gap removals and engagement-fulfillment sustainable growth executions
- organic business model processes with engagement-fulfillment for workforce, community members and all stakeholders
Healthy ecosystem performance requires an adaptive and positive internal-external connectivity flow-engagement with all stakeholders such as
- business workforce-leadership
- common customer bases
- suppliers-distributors
- community members
- educational institutions.
External interface with state, special interest groups with controlled government funding
- governance "commercial arrangements"
- go-to-market coordination "value creation" mechanisms
- value sharing mechanisms with risk management
Think Tank Advisors
Provide clear insight and facilitate as a “think-tank”, and sounding board for either the owners, directors, or shareholders of a company (informal or formal and or both).
HAF Board Advisors “market’s best practices”
Facilitate people in the organization to test their strategic thinking and access expertise or connections that may not be readily available via other means. Incorporating collaboration and adaptability for all brands being present is available.
HAF SCHOLARSHIPS BENEFICIARIES
- Entrepreneurs
- micro-businesses
- small businesses
- educational institutions
- local communities
Scholarships are provided free, for 3 months, to local start-ups, micro and small businesses, educational institutions, and communities.
Entrepreneurship training scholarships are approved on a case-by-case basis with internship provisions.
Educational Institutions: high school and college students are provided internships
Local communities: Scholarships provide a gap identification and solution in social connectedness, self-sufficiency, operational efficiency, security and peace rights through IT platform, education and HAF mentorship/coaching
Business scholarships include:
- an assessment of the client business model
- market performance (past to current and future planning)
- identification and solutions for sustainable growth risks and performance gaps
- organic business model with fulfillment
HAF Educational Programs Offered as Scholarships to start-up, entrepreneurs, micro-small businesses, educational institutions, local communities, high school and college students, churches and other institutions upon request.
ROLES
Ethics
HAF BOARD ADVISORS
- Avoiding conflict of interest with other advisors and organizations that individuals are associated with
- Honoring the organization’s right to choose advisors that meet their need
- Managing relationships respectfully
- Participating in transparent communication
ADVISORY BOARD ROLES & RESPONSIBILITIES
An example of an advisory board structure:
Three key roles within an advisory board structure
- a Chair
- external advisors and internal directors
- stakeholders and organizational representatives.
Scaling business uses a common structure: 1 independent Chai; , 2 external advisors and 2 internal business representatives (generally the business owner, director and/or CEO). This combination is customized to fit the business needs for balance of facilitation, external advice and follow-through for implementation.
Local community leadership may choose to customize this model for best practice.
ADVISORY BOARD CHAIRS
Appointing an independent Chair whose role is to establish and facilitate a formal advisory board structure to achieve effective advisory board outcomes. This may include:
- Establishment of new advisory board structures
- “Optimizing” advisory board assessment for effectiveness and best practice
- Assist in execution or support with advisory board planning and meetings
- Provide value-driven insights and advice
- Mentor and coaching to the business owner or executive
expertise, innovative thinking,
enterprising boldness.
EXTERNAL ADVISORS
External advisors are appointed for their expertise to problem solve, explore options/concepts and strategic direction. Advisory board participants will actively contribute to the goals and desired outcomes defined in the charter. This may include:
- Contribution to advisory board outcomes through value-driven insights and advice
- Agreed strategic introductions and advocacy
INTERNAL DIRECTORS & STAKEHOLDERS
Both establish (or disband) an advisory board, design and execute business decisions and plans. Internal directors and stakeholders are founders, directors, CEO’s, lead investors and other senior executives.
NEW ROLES
New roles appear such as:
- Advisory board manager
- Chair to the advisory board
- Advisor to the board
Entrepreneurship training scholarships are approved on a case-by-case basis with internship provisions.
Educational Institutions: high school and college students are provided internships.
Local communities: Scholarships provide a gap identification and solution in social connectedness, self-sufficiency, operational efficiency, security and peace rights through IT platform, education and HAF mentorship/coaching.
Interested in learning more about how you can assist or be a part of HAF? Fill out this form
Advisory Boards FAQs
What is an Advisory Board? Advisory boards members include: Members of the advisory board provide objective advice and mentoring to the business representatives. Prior to the first meeting, the Chair will define the scope of this advice based upon the results from a business needs assessment. More detail on the roles and responsibilities can be found here_______. FAQ Advisory Board Profile
An advisory board of an organization provides a structured, collaborative method to engage advisors and or stakeholders.
Advisory Boards Help Topics?
What are the business benefits?
Who Are Advisory Board Members? Skilled professionals outside of the organization (not appointed by organization shareholders) and appointed by the organization within the organization’s industry sector (i.e. legal, financial, growth, supply & logistics, technology, marketing, sustainability, etc.)
When and How does the Advisory Board Member’s Deliver their services? Note: Particularly useful for high-growth businesses, family companies, crisis or change, duplicating executive functions, and installing an organizational advisory board.
What is the difference between an Advisory Board and a Board of Directors? Both types of boards are very different. Comparison: Advisory Board Board of Directors Advisory Board members offer strategic insights to inform the business owner, executives, or directors, who in turn will make decisions. Advisory boards are known in the market by many different names including advisory panel, advisory council, steering committee, think tanks, board of advice and startup boards.
How to Get Started and Hire an HAF Board Advisor ? Note: Anything missing from above list can be initiated and organized by HAF Board Advisor.
How are individual board members compensated? Compensation for individual board members is negotiated between the business and members. Advisors will typically set their rates based on their level of experience and the expertise they can offer the business, their network or connections, the level of involvement and preparation required of them, and any expenses they will accrue during the course of the appointment. Be mindful that an advisor’s rates are usually proportionate to their level of experience, commitment to professional development, and currency in the market. While the arrangements with individual members can vary, they are generally compensated in one (or a combination of) the following ways:
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