The PRWIRE Press Releases https:// 2019-10-09T01:35:24Z The Advisory Board Centre's Global Thought Leadership Summit is Coming This Month 2019-10-09T01:35:24Z the-advisory-board-centre-s-global-thought-leadership-summit-is-coming-this-month The highly anticipated Global Thought Leadership Summit is coming up on the 17th and 18th of October for members of the Advisory Board Centre's professional network.  The Summit brings together an incredible list of Leaders sharing their knowledge including our Founder & CEO Louise Broekman, Australian Small Business and Family Enterprise Ombudsman Kate Carnell, BDO Senior Partner Dr Mark Pizzacalla, the Consul General of Canada Angela Bogdan and CSIRO Futures Strategy and Engagement Lead Dr Vicky Au. The Thought Leadership Summit has been carefully designed to share best practices and world-leading knowledge for our professional network of Strategic Advisors and Certified Chairs.  This event is an incredible opportunity for our members to network, expand their knowledge and get future insights from leading minds.   Among keynote presentations will be expert led panels discussing topics including exporting, professional services, food and agriculture, funding and much more.  Each panel will host up to 4 experts to share their insights and future perspectives from years of practical experience. The grand finale will host leaders from top organisations to discuss their key takeaways from the event and futurist perspectives on a range of different topics. The Summit is only open to members of the Advisory Board Centre.  If you are looking to offer your value as an Approved Advisor or Certified Chair and gain the competitive edge, book in a time with the Member Engagement Team here.  Make sure to follow us on LinkedIn and Facebook for exclusive information, updates and events. Congratulations To The Female Founders Joining The Advisory Board Centre's Board Essentials Program 2019-10-02T01:42:55Z congratulations-to-the-successful-female-founders-joining-the-advisory-board-centre-s-board-essentials-program A huge congratulations to the 14 Female Founders that have been accepted to be a part of the Advisory Board Centre's Board Essentials Program. The Female Founders will be going through our extensive program to learn how to effectively engage Advisors, best practice foundations on governance structures and how to close the knowledge gap between where they are today and where they want to be in the future. The program is a 1/2 day workshop with the opportunity to connect and network with other female Founders from across Queensland. The incredible diversity of Female Founders ranged from not-for-profit's to innovative technology startup Founders and everything in between.  The Female Founders were from a range of different locations, expertise and mutually shared huge levels of passion and drive which created an extremely supportive, collaborative environment.  The Advisory Board Centre is proud to be partnering with the Queensland Government to support Female Founders in accessing the skills, knowledge and networks they need to increase competitiveness, foster innovation and drive economic impact. The Female Founders Advisory Board Essentials program was held on the 19th of September 2019 with additional dates and applications reopening soon for 2020. Female Founders is an Advance Queensland initiative and is fully funded by the Queensland Government. Visit our website for more information on the Female Founders Programs and make sure to follow us on LinkedIn to stay updated. Angela Bogdan Joins The Advisory Board Centre's Global Thought Leadership Summit 2019-09-03T21:58:45Z angela-bogdan-joins-the-advisory-board-centre-s-global-thought-leadership-summit The Advisory Board Centre is pleased to announce Angela Bogdan joining us for the Global Thought Leadership Summit in October.  Angela is a career diplomat and Canada’s current Consul General in Sydney, Australia. Prior to taking up her current position, Ms. Bogdan was Chief of Protocol for Canada and before that served as Inspector General.  She has also been the Champion for women at Global Affairs Canada (GAC) for the past 6 years. Ms. Bogdan has held several off shore assignments. She was High Commissioner to Sri Lanka and the Maldives and prior to that held the position of Ambassador to the Former Federal Republic of Yugoslavia.  Ms. Bogdan has also served as Political Counsellor in Warsaw, Deputy Political Advisor at Canada's Mission to NATO and as Vice Consul in Melbourne. The Global Thought Leadership Summit brings together an incredible list of Leaders sharing their knowledge including our CEO Louise Broekman, Australian Small Business and Family Enterprise Ombudsman Kate Carnell, BDO Senior Partner Dr Mark Pizzacalla, the Consulate General of Canada Angela Bogdan and CSIRO Futures Strategy and Engagement Lead Dr Vicky Au. The Thought Leadership Summit will be held on October 17th and 18th of October and has been carefully designed to share best practices and world-leading knowledge for our professional network of Strategic Advisors and Certified Chairs.  The Summit will include a combination of keynote presentations, purposeful conversations and futurist panel discussions with leaders of their field.  With more speakers and panellists to be announced the event is an incredible opportunity for our members to network, expand their knowledge and get future insights from leading minds.   The Summit is only open to members of the Advisory Board Centre.  If you are looking to offer your value as an Approved Advisor or Certified Chair and would like to discuss membership, book in a time with the Member Engagement Team here. Advisory Board Centre Women in Business Program Leader welcomes the release of the NSW Government’s Women’s Strategy Action Plan 2019-09-02T01:50:25Z advisory-board-centre-women-in-business-program-leader-welcomes-the-release-of-the-nsw-government-s-women-s-strategy-action-plan The Advisory Board Centre COO and Women in Business Program Leader Jan Easton has welcomed the release of the NSW Government’s NSW Women’s Strategy 2018-2022 Year Two Action Plan. The NSW Women’s Strategy 2018-2022 provides a whole-of-government and whole-of-community policy framework with the aim to improve the economic, social and physical wellbeing of women and girls across NSW. “The NSW Government’s Women’s Strategy presented a comprehensive and aspirational framework to improve the participation and wellbeing of females in NSW.  The release of the NSW Women’s Strategy 2018-2022 Year Two Action Plan gives transparency to the policy and shows a meaningful and measurable commitment by the NSW Government to move policy into action.,” Mrs Easton said. “Over the past two years leading Women in Business initiatives in Queensland and across Australia, the overwhelming feedback from women in business- from startup through to the executive board level- is that they want practical knowledge and actionable strategies to achieve their aspirations.” “It is particularly encouraging to see that the NSW Government is implementing a multi-faceted and collaborative approach to deliver on the three priority areas for action- economic opportunity and advancement, health and wellbeing, and participation and empowerment.” The Advisory Board Centre’s Advancing Women in Business strategy is aligned to the organisations overall strategic purpose to support and improve the effectiveness of the global Advisory Board sector, including the professionals who fulfil an Advisory function and organisations for whom they serve. The Advancing Women in Business Strategy is designed to give women the tools, support and skills they need to start, grow and employ, and ultimately lead and succeed as employees, executives, business owners and board members.  The Advisory Board Centre independent programs map to the NSW Government’s Women’s Strategy and includes program initiatives such as Advancing Women on Boards, Female Founders Advisory Board Program, Professional Membership and the complimentary Advisor Concierge service to support women in business to connect with mentors, strategic advisors, investors and board members. Media Contacts or Program Inquiries Jan Easton, Chief Operating Officer Advisory Board Centre www.advisoryboardcentre.com.au +61 0408 477 165 Kate Carnell Joins The Advisory Board Centre's Global Thought Leadership Summit 2019-08-26T22:57:57Z kate-carnell-joins-the-advisory-board-centre-s-global-thought-leadership-summit The Advisory Board Centre is pleased to announce that Kate Carnell will be joining us as a keynote speaker at our annual Global Thought Leadership Summit. Kate brings extensive experience and knowledge to the role of Australian Small Business and Family Enterprise Ombudsman. Kate's previously managed her own small business for 15 years prior to becoming the ACT Chief Minister in 1995. Throughout her extensive career Kate has held the position of CEO for a number of organisations throughout Australia including the Australian Chamber of Commerce and industry, Beyondblue, Australian Food and Grocery Council, Australian General Practice Network and National Associations of Forest Industries. The Global Thought Leadership Summit brings together an incredible list of Leaders sharing their knowledge including our CEO Louise Broekman, Australian Small Business and Family Enterprise Ombudsman Kate Carnell, BDO Senior Partner Dr Mark Pizzacalla, the Consulate General of Canada Angela Bogdan and CSIRO Futures Strategy and Engagement Lead Dr Vicky Au. The Thought Leadership Summit will be held on October 17th and 18th of October and has been carefully designed to share best practices and world-leading knowledge for our professional network of Strategic Advisors and Certified Chairs.  The Summit will include a combination of keynote presentations, purposeful conversations and futurist panel discussions with leaders of their field.  With more speakers and panellists to be announced the event is an incredible opportunity for our members to network, expand their knowledge and get future insights from leading minds.   The Summit is only open to members of the Advisory Board Centre.  If you are looking to offer your value as an Approved Advisor or Certified Chair and would like to discuss membership, book in a time with the Member Engagement Team here. Industry report finds businesses seek commercial acumen and sector expertise for their Advisory support 2019-07-03T00:11:01Z industry-report-finds-businesses-seek-commercial-acumen-and-sector-expertise-for-their-advisory-support The latest industry research from the Advisory Board Centre has found that businesses are seeking a low-risk, high-value transfer approach when establishing an Advisory Board for the first time.   The Formalised Advisory Boards Advisor Engagement Market Pulse Report provides an insight into Advisory Board sector appointments over an 18 month period.  It found a clear demand for Chairs and Advisors to have demonstrated strength in two key areas- commercial acumen and sector specific expertise. The Formalised Advisory Boards Advisor Engagement Market Pulse Report found that when selecting independent, external Advisors businesses are seeking more than industry knowledge as this is often present already within the business.  Businesses want Advisors who are leaders in their field with a broader view of sector dynamics than the business currently holds. The Market Pulse Report follows on from the 2019 State of the Market Annual Report which represented the world’s first research into Asia Pacific’s Advisory Board sector in a global context.  The State of the Market Report found that 88% of businesses owners sought independent support to gain clarity on what they needed and advisor options.  As the leading independent industry body for the advisory sector, the Advisory Board Centre provides research, education and advocacy for best practice foundations to advisor engagement. According to Advisory Board Centre Founder and CEO, Louise Broekman, there is a move in the business market to formalise Advisory Board engagements.  "Traditionally, businesses may reach out to family, friends or peers in business in an ad-hoc, volunteer arrangement to provide support to the business owner.  These relationships are highly valuable and an important piece of the support network that is vital to business success.  Globally, however, there is a shift by business owners and CEO’s to formalise their Advisory Board structure based on best practice foundations to support their growth ambitions.” The Market Pulse Report identifies numerous trends within the Advisory Board sector including the most common structures, the reason businesses are establishing an Advisory Board and the most sought-after expertise for Advisor and Chair positions. One of the key trends identified is that businesses are seeking the flexibility of project based Advisory Boards to target specific initiatives over a fixed period of time.  Investing in the implementation of an Advisory Board with the right experience can fast track a business towards its goals. The Formalised Advisory Boards Advisor Engagement Market Pulse Report is available in pre-release to professional Advisory Board Centre Members and open to the public from 10th July.  To request a copy of the report, sign up for our latest research and news. Democratisation of advice opens up new opportunities 2019-04-03T01:08:36Z democratisation-of-advice-opens-up-new-opportunities Businesses of all sizes are latching on to the trend for appointing a customised advisory board comprised of independent advisors with skills and experience pertinent to a firm’s current needs. The Advisory Board Centre 2019 State of the Market Report maps important trends that are shaping advisor engagement, shares the latest sector research and explores the changing landscape in advisory boards. Research by the Advisory Board Centre shows advisors are seeking fresh, relevant ways to provide specialist expertise and add real value to a business at a time when business leaders globally are looking for non-biased advice from their peers. It’s a growing phenomenon. The Advisory Board Centre 2019 State of the Market Report reveals a thriving sector with at least 1.3 million advisors operating within an estimated 434,000 advisory boards worldwide.     Report author and CEO of the Advisory Board Centre (The Centre), Louise Broekman, says “The growth of the advisory board sector is a direct response to the new reality of how the business sector is sourcing advice. Democratisation of advice is the new trend.” “The growth of the advisory board sector is a direct response to the new reality of how the business sector is sourcing advice. Democratisation of advice is the new trend.” – Louise Broekman, Founder & CEO Advisory Board Centre Sandra Poon is a business transformation specialist and Advisory Board Centre Certified Chair. After working with 50 organisations over 20 years Sandra decided it was time to get off the corporate bus and use her experience and knowledge to help others: “I wanted to make more of a difference to the businesses I associate with and help them grow. I needed to get out on my own and find a way to use all the corporate knowledge that was packed into my brain to help others,” she says. “My role as chair is to make sure the board provides the best advice possible. It is then the responsibility of the business owner to act or not on that advice. “The board’s role is to show them a pathway to change that is achievable and doesn’t take them away from their core business. “The real satisfaction comes when the advice works and you see a real transformation in the business.” Advisory boards are increasingly able to offer a unique perspective on businesses at all levels: emerging businesses, ambitious mid-market organisations, multi-nationals, and corporations. The Advisory Board Centre 2019 State of the Market Report estimates that 6% of businesses in the OECD ($1.5m to $100m in revenue turnover) show strong growth potential and are strong candidates for advisory boards. In 2018, 92% of advisor appointments were for new advisory boards, and 8% were for existing advisory boards. High profile banks including the Bank of America, JPMorgan Chase and Deutsche Bank are adopting a Corporatised Advisory Board model, while emerging firms are choosing to bring in advisory chairs as mentors, the first step to establishing a full advisory board. The latest report reveals the key drivers for appointing an advisory board are: Growth (74%) Succession planning (17%) Increasing asset value of the business (5%) Sustainability of operations/business model (5%) According to Broekman “Every organisation has unique goals, ambitions and challenges. But our research has exposed a common problem in the process. Decision makers rarely know how to navigate the structures between management, external consultants, advisors, and governance.” The report reveals just 12% of decision makers are clear about their needs with 88% requiring assistance to identify priorities and match advisors to their needs. Worldwide there is a demand for education, minimum standards, advisory board member curation and monitoring. Trust and independence are in the spotlight within the professional services sector globally and this puts the need for advisory board best practice front and centre. The Centre’s research findings are backed up by key initiatives including The Advisor Concierge, complimentary support available to organisations seeking clarity on priorities, advisor options, and connections to advisors; programs for advisors and chairs in developing their skills as advisors; methods for formalised Advisory Boards adopted globally by businesses and advisors; and carefully curated chairs and advisors for organisations to access About the Report The findings in this report are based on a series of surveys conducted on behalf of the Advisory Board centre and actual case studies of Advisory Board activities from July 2017 to December 2018. Respondents are drawn from 250 individual chairs, advisors and experts. Participating organisations include those which are actively engaged with more than 100 Advisory Board events. These firms range from pre-revenue start-ups to intranational organisations with annual turnover of $200m. The report investigates how companies are engaging with advisory boards in future-proofing their business and reviews long term trends in the sector. Advisory Board Centre launches Industrial and Resources Industry Advisory Board to support key growth sector 2019-03-07T06:20:14Z advisory-board-centre-launches-industrial-and-resources-industry-advisory-board-to-support-key-growth-sector The Advisory Board Centre, the leading independent Industry Group for the business and advisory sector, is proud to announce the formation of the Industrial and Resources Industry Advisory Board.   The advisory board members are comprised of trusted leaders in the Industrial and Resources industry known for being leaders in their career and community.  The Industry Advisory Board supports the Advisory Board Centre’s research, engagement and education strategy to support businesses and advisors within the Industrial and Resources sector. Charter members of the Industrial and Resources Industry Advisory Board include: Mark Gell, Certified Chair Mark is the Chair of the Industrial and Resources Industry Advisory Board.  He has provided senior counsel to boards and executive teams for over 30 years having participated on both private, publicly listed, industry representative and not for profit boards. Mark’s former executive roles within the industry include GM Corporate Development & Sustainability at OneSteel, Global Head Strategic Marketing & Communications at Lend Lease Coporation, GM Corporate Affairs at Boral and Group Relations Executive at TNT.  Mark also served as Chairman for the Major Energy Users Group and Energy Markets Reform Forum. Mark’s corporate experience is complemented by his entrepreneurial and investor experience owning and supporting innovative and high growth businesses across a range of industries. Adrienne Rourke, Approved Advisor Adrienne has over 20 years’ experience in marketing, business development roles for the private and not for profits sectors, both nationally and internationally.  In her current role as General Manager at Resource Industry Network (RIN), Adrienne is heavily involved in regional economic development activities as a representative of the engineering and industrial sector.  Adrienne has been the driving force in re-establishing RIN as a peak industry association for the region’s engineering and industrial businesses and developing extensive industry, government and stakeholder connections.  Adrienne is also the Deputy Chair of Mackay Community Foundation and was the regions representative on the federal governments Bowen Basin Regional Jobs and Infrastructure – Bowen Basin Committee, and a member of the Federal governments Resource 2030 Taskforce in 2018. Anthony Short, Approved Advisor Anthony has been an entrepreneur advisor and capital raiser for 25 years growing businesses to sustainable profitability and Australian Stock Exchange quotation.  He has extensive experience at board level in the management and formation of public companies in gold mining, drilling and oil and gas.   Anthony has a strong track record of founding, advising and investing in companies in Australia, North America, Africa and Asia across resources, energy, technology, e-commerce, biotechnology and blockchain industries. Anthony is Director Capital Markets at Cabbel and Founding Director of GCP Capital Pty Ltd, a Perth based investment banking group. Members of the Advisory Board Centre Executive Team including Jan Easton, COO and Louise Broekman, CEO will also contribute to the Industry Advisory Board. “Australia has a long and proud history as a global leader in the resources, manufacturing and industrial sectors.  There are many opportunities and challenges within the sector that businesses must navigate to be internationally competitive,” said Jan Easton, COO, Advisory Board Centre.  “The experience and insights of the Industry Advisory Board helps us to deepen our understanding and connection within the Industrial and Resources sector.  This enables the Advisory community to be more prepared to deliver value and meet the needs of business owners and executives within the sector.” Advisory Board Centre launches Industry Advisory Board for the Food and Agriculture Sector 2019-03-01T03:55:41Z advisory-board-centre-launches-industry-advisory-board-for-the-food-and-agriculture-sector The Advisory Board Centre, the leading independent Industry Group for the business and advisory sector, today launched the Food and Agriculture Industry Advisory Board and announced its charter members. The Industry Advisory Board brings together an advisory team of qualified and highly respected industry experts with deep technical, operational and executive experience to help shape the Advisory Board Centre’s research, engagement and education strategy to support businesses and advisors within the Food and Agriculture sector. Key areas of focus include providing a practical pathway for Food and Agriculture businesses to increase competitiveness, empower faster innovation and drive economic impact through effective engagement with Advisors. Charter members of the Food and Agriculture Industry Advisory Board include: Mark L Wray B.Ag Sc, Solicitor, Fellow CPA , MAICD, Certified Chair Mark is the Chair of the Food and Agriculture Industry Advisory Board.  He is an experienced Agribusiness Executive with an outstanding track record in protein and fruit vertical supply chains, mergers and acquisitions, change management and working in Asia and America. Mark’s perspective on contemporary agribusiness is informed by current roles as Chairman of Arcadian Organic Meat, Advisory Board Member for McHenry Whiskey and Principal of Equip Lawyers.    Mark’s former executive roles within the Industry include CEO Craig Mostyn Group, CFO Steggles, GM Finance Prudential Pastoral Company and Wesfarmers Commercial Manager. Mark’s large scale direct experience includes Beef, Lamb, Chicken, Pork, Seafood production models, including genetics, breeding, grow out, feed mills, processing plants, rendering plants and logistics with ultimate supply to supermarkets, in Australia, Singapore and USA. Tony Hunter GAICD, Approved Advisor Tony is a Food Futurist and Innovation consultant for the AgriFood tech industries.  Drawing on his technical expertise in Food Technology and Microbiology, Tony is a leader in the Food and Beverage industry, helping companies thrive on technological change.  Tony is a Director of Beefbank, a charity established by the Rotary Club of Brisbane Centenary Inc. to provide meat (usually beef) to Foodbank Australia. Tony’s former executive roles within the industry include GM National Food Service Australia, GM Foodpartners, Technical Manager for FJ Walker Foods and Quality Assurance Manager for Metro Quality Foods.  He was previously Laboratory Manager for McWilliams Wines.  Tony has consulted with clients ranging from KFC Global and Top Cut Foods through to emerging businesses in the food manufacturing space.  Tony is a highly sought after thought leader and speaker within the sector.  He has most recently led panels at AgriFuture evokeAG and the Alternative Protein Show in San Francisco. Jan Easton, Advisory Board Centre Chief Operating Officer Jan is a founding member & Certified Chair of the Advisory Board Centre. She is COO of the Group and chairs commercial Advisory Boards. She is the facilitator of the Advancing Women on Boards program in collaboration with the Queensland Government Advancing Women in Business initiative.   Jan has extensive domestic and international senior management experience in the franchise and professional services industries. Louise Broekman, Advisory Board Centre Founder & CEO Louise is an award winning Entrepreneur, researcher and business advisor.   Louise has received recognition from Industry and Government at a local and national level for her contribution to the Australian business sector.  In 2004, Louise established an Advisory Board for her own business which has provided her with first hand experience in how a well run Advisory Board can positively impact CEOs. Since 2012, Louise has served as Chair for commercial Advisory Boards.  She is an in-demand speaker and is regularly called upon as the leading voice for Advisory Boards in the Asia Pacific region. “As more businesses seek to leverage the experience and insights of professional Advisory Boards, it is vital that they are able to access best practice education and highly skilled advisors with an understanding of the dynamics of the sector.  We are delighted to welcome Mark and Tony to the Food and Agriculture Industry Advisory Board. Their guidance and insights will help shape our industry engagement strategy, bring outside-in expertise to our education strategy and help shape the continued success of the advisory sector going forward,” said Jan Easton, COO, Advisory Board Centre.  “As we empower and enhance the connection of more businesses to independent advisors through formalised advisory boards, the Industry Advisory Board helps us to deepen our understanding and connection within the Food and Agriculture ecosystem.  This enables the Advisory community to be more prepared to deliver value and meet the needs of business owners and executives within the sector.” Report reveals advisory boards are a growing force in corporate business 2019-02-11T05:36:49Z report-reveals-advisory-boards-are-a-growing-force-in-corporate-business Business leaders are backing a global trend and introducing independent advisory boards to help shape their future. The latest report reveals 74% of businesses appointing an advisory board do so to assist with growth strategies. A further 17% are tapping into the independent expertise delivered by an advisory board for succession planning. The Advisory Board Centre State of the Market Report reveals a thriving sector with at least 1.3 million advisors operating within an estimated 434,000 advisory boards worldwide. Report author and CEO of the Advisory Board Centre (The Centre), Louise Broekman, points out “The growth of the advisory board sector is a direct response to the new reality of how the business sector is sourcing advice.” The report estimates that 6% of businesses in the OECD ($1.5m to $100m in revenue turnover) show significant growth potential and are strong candidates for advisory boards. In 2018, 92% of advisor appointments were for new advisory boards, and 8% were for existing advisory boards. These advisory boards are increasingly able to offer a unique perspective on emerging businesses, ambitious mid-market organisations, multi-nationals and corporations. The Bank of America, JPMorgan Chase and Deutsche Bank are high profile examples within the banking sector of firms adopting a Corporatised Advisory Board model, one of three formal structures for advisory boards. The report suggests Corporatised Advisory Boards will continue to build as a “bone-fide business practice driven by ethical and independent input”.  At a time when there is increased global scrutiny of governance boards and increased director workload advisory boards can help safeguard corporate executive teams and preserve business integrity. The report points to the benefits of a customised advisory board comprised of independent C-suite advisors with skills and experience pertinent to a firm’s current requirements. Business chiefs are able to shape the board to suit their needs, at every stage of the company’s development. The key drivers for appointing an advisory board are: Growth (74%) Succession planning (17%) Increasing asset value of the business (5%) Sustainability of operations/business model (5%) “A formalised Advisory Board is a simple and powerful management too. Its inherent flexibility allows the board structure to shift to meet the needs of the business, making the model a compelling instrument for strategic thinking and independent evaluation,” Broekman says. Broekman recommends advisors and advisory boards be considered as part of the consulting process by organisations seeking a multi-disciplinary and integrated approach. She says increased education, expert selection of advisors and monitoring are crucial in further cementing the sector’s role in shaping Australian business. A formalised Advisory Board is a simple and powerful management too. Its inherent flexibility allows the board structure to shift to meet the needs of the business, making the model a compelling instrument for strategic thinking and independent evaluation." - Louise Broekman, Advisory Board Centre. Download the Advisory Board Centre 2019 Annual State of the Market Report Key statistics: 434,000 advisory boards worldwide 1.3m active advisory boards advisors 92% of advisory board appointments were to newly established boards 34% of advisory boards are appointed on a project basis Additional information Case studies: 100% growth Greg Kentish is founder and CEO of Acacia Connection, a boutique specialist provider of EAP services in Australia and New Zealand. Greg appointed an advisory board to provide a solid foundation and leverage points to support rapid growth. “Since implementing the Advisory Board, my business has experienced 100% growth,” he reveals.  “Our growth forecasts remain strong and the outlook for our group of businesses is very positive. “The support and advice that I have received from the Advisory Board has been invaluable. As an entrepreneur, I really appreciate that I receive great advice from my Advisory Board, but I am not bound by their recommendations. “I enjoy the structure and discipline of the meetings. But I think one of the very best parts is the opportunity to work closely with advisors who are successful entrepreneurs and business professionals who are willing to share their success, experience, connections and innovative thinking with me.”   Advice with no strings attached Anthony Jones is the principal of Templetons Financial, one of Brisbane’s leading financial planning groups. Anthony recently appointed an advisory board to take the business to the next level. “Templetons Financial has been around since 1982 and I believe we have been very successful in helping thousands of clients make wise financial decisions. Over the past two years however the business has substantially changed in response to increasing regulatory pressure and the digital disruptions occurring in the industry and we are now on a strong growth trajectory.” Anthony admits that the business needed to gets its backyard in order. “We were looking for specific advice from our advisory board and were able to appoint members who could provide that advice with no strings attached. The fact the board members have no financial or fiduciary stake in business meant I feel comfortable their advice is independent.”   Start-up sounding board For start-up business leader Matthew Horton of foundU, an all-in-one HR platform providing solutions from recruitment to payroll, an advisory board provided an appropriate sounding board for the leadership team. “Having worked with governance boards in the past I appreciated the benefit of other counsel testing your ideas and challenging your assumptions. I also recognised that governance boards don’t work for start-ups. They are too structured and far too focused on their own fiduciary obligations,” he says. Matthew’s advisory board has provided “incredible value” to the business, he says. “They have forced us to become more structured in our thinking, challenged our decisions and provided some much needed advice in the tech space which is the backbone of our business.”   For more information or an interview with Louise Broekman, CEO and Founder,  contact media@advisoryboardcentre.com.au  +61 408 477 165   About the Report The findings in this report are based on a series of surveys conducted on behalf of the Advisory Board centre and actual case studies of Advisory Board activities from July 2017 to December 2018.  Respondents are drawn from 250 individual chairs, advisors and experts. Participating organisations include those which are actively engaged with more than 100 Advisory Board events. These firms range from pre-revenue start-ups to intranational organisations with annual turnover of $200m.  The report investigates how companies are engaging with advisory boards in future-proofing their business and reviews long term trends in the sector.   About the Advisory Board Centre The Advisory Board Centre is an independent industry group supporting the business and professional advisory sector.  Our research, advocacy and education programs provide a practical pathway for businesses to increase competitiveness, support faster innovation and drive economic impact through effective engagement with Advisors. Direct knowledge and in-market connections key to business success in China 2019-01-31T11:56:56Z direct-knowledge-and-in-market-connections-key-to-business-success-in-china For Australian businesses looking to increase their engagement with import/export opportunities in Chinese markets, careful research and trusted local connections are a key ingredient to success. Jack Brady, CEO and Executive Director of AustCham Shanghai the peak body for Australian business in China, understands the importance of local knowledge and connections. “China is a complex and diverse market.  An understanding of this market, including varying demographic, economic and cultural characteristics, is crucial to any businesses success.” To assist more businesses with gaining exposure to the various Chinese markets and access to valuable local connections, the Advisory Board Centre has partnered with AustCham Shanghai, International Leaders and the Australia China Business Council for the May 2019 Engage China Trade Mission. The Engage China Trade Mission will be held from 26th May – 31st May and will include site visits and business meetings in Hong Kong, Shenzhen and Shanghai.  Delegates will also attend the prestigious Australia China Business Awards in Hong Kong and may extend their visit to take part in the AFL Premiership game between Port Adelaide and St Kilda at Jiangwan Stadium in Shanghai. The 2019 Engage China Trade Mission follows on from the successful 2018 Trade Mission to Beijing and Shanghai, led by the Advisory Board Centre and facilitated by the Senior Executive team at AustCham Shanghai. Louise Broekman, Founder and CEO of the Advisory Board Centre, organised the Engage China Trade Mission to meet the practical needs of business owners exploring opportunities in Chinese import/export markets. Broekman said, "Leading the 2018 Trade Mission was a privilege as we were able to gain access to local executives and businesses who openly shared their experiences, connections and guidance on how to best maximise the opportunities China.  Delegates from the program were overwhelmingly positive about their experience.  The Trade Mission has substantially informed their future China strategy with some already operating in market as a direct result of the program and connections.   The 2019 program has been specifically designed to provide a practical pathway for businesses and advisors to make informed decisions about their entry into China or to positively increase their current exposure." James Paulsen, Founder and Executive Director of International Leaders, was a delegate on the 2018 Trade Mission and will also be attending the 2019 program. “The 2018 Engage China Trade Mission provided a realistic and factual understanding of how Australian companies can engage and work with China.  The hosts and presenters represented some of Australia’s and China’s leading business people with in-depth expertise and experience to share.”. The Engage China Trade Mission follows on from recent positive news regarding business opportunities in China including a significant rise in Australia’s services exports.  According to a recent media release from Senator the Hon Simon Birmingham, Minister for Trade, Tourism and Investment,  China remained Australia's largest services export market, valued at $16.9 billion, an increase of 17 per cent on 2016-17.  "Our services industries whether it be education, telecommunications or professional and financial services continue to enjoy strong growth and this is good news for the thousands of small businesses across Australia who operate within these sectors,” Minister Birmingham said. Delegates will have the opportunity to connect in with contacts that have deep engagement and long history of doing business in both Chinese import/export markets.  Andrew Whitford, a Certified Advisor Board Chair and former Chief Executive of Westpac Banking Corporation for Hong Kong and China, is adamant that direct knowledge and local connections are an important part of any engagement strategy in the Chinese markets.  Mr Whitford said, “Nothing can replicate actually visiting China and witnessing the phenomenal growth and to explore opportunities by meeting local business leaders. To visit Shenzhen for the first time and to witness the size and pace of this city known as China’s silicon valley which 40 years ago was a fishing village and was used as the pilot for China’s opening to the world. Or to visit Hong Kong and meet with local business leaders who have a “can do” attitude in using this city as the spring board into mainland China or to experience Shanghai, a truly global city with the same population as Australia. The opportunity to join the Engage China Trade Mission to China in May 2019 will give delegates a fantastic opportunity to experience the major growth centres of Greater China, gain a deeper insight into the Greater Bay initiative which will reshape southern China, Hong Kong and Macau in its next growth phase and to meet successful Australian and local businesses.” Applications to attend the Engage China Trade Mission are now open.  For full program details and application information, visit https://www.advisoryboardcentre.com.au/engagechina/.   Media Enquiries Louise Broekman louise@advisoryboardcentre.com.au Advisory Board Centre announces 2019 Advancing Women on Boards program in collaboration with Queensland Government. 2018-12-04T23:17:50Z advisory-board-centre-announces-2019-advancing-women-on-boards-program-in-collaboration-with-queensland-government-1 Following the success of the 2018 program, The Advisory Board Centre has again partnered with the Queensland Government to provide the 2019 Advancing Women on Boards program aimed at increasing the representation of women at a Board level. 40 Female leaders and business owners will take part in a targeted support program aimed at enhancing their business thanks to the Palaszczuk Government’s Advancing Women in Business initiative. The Queensland Government's Advancing Women in Business initiative supports and encourages more women to start and grow their own business, and attain positions of leadership.  The Advisory Board Centre was announced as one of the select group of Industry Partnership service providers.   Advisory Board Centre COO and Advancing Women in Business program leader, Jan Easton, said that the 2019 program would build on the successful outcomes of the inaugural program delivered in Brisbane in April 2018. “As an industry group representing the business and professional advisory sector, we hear directly from business owners and executives about their ambitions and challenges- from scaling their business, international expansion, funding, managing technology, innovation and succession planning.  What is clear is that increasing the skills, confidence and representation of women around the boardroom table is not a women’s problem- it is an opportunity for all businesses. To achieve their goals and keep pace with the ever changing business landscape- businesses need to very best people around the boardroom table, regardless of gender.  The Advancing Women on Boards program is designed to educate and empower more women to step forward and step up to deliver value and make a positive economic impact on the business sector as entrepreneurs, senior executives, strategic advisors and board members.” The Advancing Women on Boards program is aimed at established female entrepreneurs and experienced business leaders or advisors.  The 2019 program includes Masterclass events in Brisbane and Townsville facilitated by the Advisory Board Centre.   Applications for the 2019 Advancing Women on Board program are now open to Queensland based entrepreneurs and professionals.  For full program details and application information visit https://www.advisoryboardcentre.com.au/wob/. Landmark research launched to measure impact of advisor engagement on mid-sized business growth, competitiveness and innovation. 2018-11-29T10:53:11Z landmark-research-launched-to-measure-impact-of-advisor-engagement-on-mid-sized-business-growth-competitiveness-and-innovation-1 The Advisory Board Centre, the Brisbane-based national peak body representing the formal advisory sector in the Asia Pacific region, has launched a landmark study into the effectiveness of advisor engagement on the business market. The Advisory Board Centre, headed by internationally recognised business leader, Ms Louise Broekman, has opened the research to businesses outside their network in order to establish a definitive benchmark for Australian mid-sized business. At its core the Centre provides executive education on Advisory Boards and links a panel of independent board chairs and advisors with businesses through the complimentary Advisor Concierge service. The Centre is growing rapidly and in the last 3 years has assembled some of Asia Pacific's industry leaders and top executives on its panel of advisors in areas including: IT, cybersecurity, HR, finance, business development and international business. “We set up a research committee and it’s taken us 18 months to build our survey framework and five research instruments in collaboration with our advisor and business members,” said Ms Broekman, “These surveys will give us a lens into both the business and advisor side of the business market; critical data if we are to understand the different support options businesses need to engage effectively with advisors.” Ms Broekman, who has a strong record of conducting research since 2002, explained that local research into the advisory sector was desperately needed now, to capture foundational data, while the sector is taking off. “All businesses need advice but we don’t know how many businesses have formal advisory boards or strategic advisory processes because this type of research hasn’t been done before.” Ms Broekman said that 6 percent of Canadian businesses have formal advisory boards according to a 2014 study by the Business Development Bank of Canada. The Canadian study found that on all metrics businesses with advisory boards performed significantly better than those without formal advisory boards. Sales grew 67 percent in the three years after establishing an advisory board compared to 23 percent of the previous three years. The Advisory Board Centre invites businesses and advisors across all industries to participate in the research project. Complete the Business Survey Complete the Advisor Survey Advisory Board Centre Sector Research Longitudinal Study - Round 1 What’s the research for? The objectives of this study are to map, monitor and understand the effectiveness of Business Advisory Engagement for small and medium sized businesses; and to understand how businesses can increase competitiveness, foster innovation and drive economic impact through effective engagement with Advisors. Who should participate in this research? The research is multi-dimensional to provide an accurate representation of the Australian advisory landscape. One survey is studying advisors experiences and impact supporting businesses. The other survey is for all Australian mid-sized ($1.5-$100 million) business including those with and without formal advisors. Advisory board Chairs will also participate in a separate study that will benchmark and measure business growth through a longitudinal business growth score. When will the results be published? This research is ongoing and results will be published at regular intervals as the data is analysed. We aim to publish quickly to provide the sector and business information in real time. Research expertise: Louise Broekman Louise has lead research projects into entrepreneurship and business growth  since 2002 including: Business Growth Advisor Sentiment Research 2017 International Coaching and Consulting Trends 2013 The Business Case for Employee Retention 2012 Human Resource Standards & Frameworks for Business 2008 - 2010 National Internal Pressure Report – Employers and Employees Expectations 2009 - 2017 Demographic Analysis – Impact of the Ageing Population 2010 – 2020 Generations in Australian Workplaces - 2017 Organisational Behaviour in the Business Sector 2003 HR Quarterly Index Reports – 2005 to 2017 Generation Y impact on Strategy – 2008 Regional Labour Trends for the tourism industry – Queensland 2007 International Flexibility Trends – 2007 International Labour Trends – 2007 Gap Analysis – Strategic Intent and Strategic Drift - 2004 Workflow and Compliance in people management - 2003 The Advisory Board Centre Research Committee The Advisory Board Centre Research committee is led by Louise Broekman, and includes representatives from business, industry and academia including Martie-Louise Veryanne, Professor of Innovation and Deputy Head of School at The University of Queensland. Please direct an queries on the research project to media@advisoryboardcentre.com.au. Advisory Board Centre and AustCham Shanghai Announce Dates for 2019 Engage China Trade Mission 2018-11-27T22:28:17Z advisory-board-centre-and-austcham-shanghair-announce-dates-for-2019-engage-china-trade-mission The Advisory Board Centre has confirmed the dates for the 2019 Engage China Trade Mission.  The Engage China Trade Mission will be held from 26th May – 31st May and will include site visits and business meetings in Hong Kong, Shenzhen and Shanghai.  Delegates will also attend the prestigious Australia China Business Awards in Hong Kong and may extend their visit to take part in the AFL Premiership game between Port Adelaide and St Kilda at Jiangwan Stadium in Shanghai. The 2019 Engage China Trade Mission follows on from the successful 2018 Trade Mission to Beijing and Shanghai, led by the Advisory Board Centre and facilitated by the Senior Executive team at AustCham Shanghai. Louise Broekman, Founder and CEO of the Advisory Board Centre, organised the Engage China Trade Mission to meet the practical needs of business owners exploring opportunities in Chinese import/export markets. Broekman said, "Leading the 2018 Trade Mission was a privilege as we were able to gain access to local executives and businesses who openly shared their experiences, connections and guidance on how to best maximise the opportunities China.  Delegates from the program were overwhelmingly positive about their experience.  The Trade Mission has substantially informed their future China strategy with some already operating in market as a direct result of the program and connections.   The 2019 program has been specifically designed to provide a practical pathway for businesses and advisors to make informed decisions about their entry into China or to positively increase their current exposure." The Engage China Trade Mission follows on from recent positive news regarding business opportunities in China including a significant rise in Australia’s services exports.  According to a recent media release from Senator the Hon Simon Birmingham, Minister for Trade, Tourism and Investment,  China remained Australia's largest services export market, valued at $16.9 billion, an increase of 17 per cent on 2016-17.  "Our services industries whether it be education, telecommunications or professional and financial services continue to enjoy strong growth and this is good news for the thousands of small businesses across Australia who operate within these sectors,” Minister Birmingham said. The Advisory Board Centre has partnered with AustCham Shanghai, International Leaders and the Australia China Business Council for the Trade Mission to support access to more businesses and advisors to attend. Applications to attend the Engage China Trade Mission are now open.  For full program details and application information, visit https://www.advisoryboardcentre.com.au/engagechina/.