Chapter 9: guidelines for establishing a board of directors and advisory board.

THE QUALITY OF YOUR COMPANY'S MANAGEMENT team and the staff selected by that team are critical to your growing company's long-term success and to meeting growth objectives. Chapters thus far have focused on recruiting, retaining and compensating the team and avoiding legal problems related to the expansion of your human-capital resources. But to whom does your senior management turn for coaching, mentoring, advice and guidance? Who provides executives with the general policy and direction around which a specific growth plan is built and executed? It can get very lonely at the top, and the CEO must feel that there are objective and trusted advisers that he or she can turn to for ...

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