Borrowers who seek input from trusted professionals outside the company’s four walls tend to make better-informed decisions, leading to higher credit scores, than those who keep decision-making close to the cuff. Although many people associate advisory boards with public companies, private company advisory boards are generally less formal and their members aren’t bound by the same fiduciary responsibilities as public company boards of directors.
Private Company Advisory Boards Can be a Boost to Your Borrowers
Posted by bgoricki on Apr 17, 2015 8:57:58 AM
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Topics: advisory board, Uncategorized