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We have reasons for creating the Board.
We will name five main ones:
Additional independent expertise , ideas and solutions from experienced business professionals who act in the interests of the owner, but are not dependent on him.
A safe space is created where you can talk about the most uncomfortable issues and support is provided in the most uncomfortable decisions.
Top management knows that it is accountable to the Board and is responsible for implementing the plan approved by the Board on a regular basis.
Holistic approach: A unique composition of participants who look at the organization as a whole helps identify blind spots.
Assistance in making decisions on sensitive issues , such as the role and participation of the heir, remuneration for the participation of family members, wills, and business transfers.
Advisory Board is an advisory board or advisory committee. Its members are not bound by any dependencies to the company's owners, they are open and straightforward. Bold innovative ideas are easily born in free discussions
A board acts as an advisory body to a company or corporation. Their main goal is to protect the assets of shareholders by ensuring that the organization's management is acting effectively and that they are getting a good return on their investment (ROI) in the company.
Board Responsibility
1. Selection and supervision of the work of the CEO.
2. Creating the necessary Board composition and making timely changes to it.
3. Provide consulting support to top management.
4. Bring value and new ideas and solutions to the company's development strategy.
EXAMPLE
the most important decisions of the Board of Vlad Burda
• Appointment and dismissal of key executives
• Formation of financial statements that inspire confidence
• Restructuring of the enterprise. The emergence of the CEO
• Transfer of the Daniel boutique chain to my wife Tatyana
• Formula for transferring a business to heirs
The Board's Mission
Facilitate the transfer of management from the founder to a professional team and successor.
Accompany organizations to prosperity through a holistic focus on developing people, relationships, and processes.
Board for the company
necessary
When there is a request for a tectonic new movement in the development of the company: an updated strategy for better results
When the owner wants more transparency, visibility, clarity, and accountability to implement the founder's new ideas
Board for
family business
Only 33% of family businesses survive and continue to exist in the second generation.
98% of the world's TOP 500 family-owned companies operate with the help of an Advisory Board
The board is needed to preserve and grow the business when the founder is thinking about long-term and comfortable planning for the transition of management and ownership to heirs.
Functions of the Advisory Boards Members
The business is managed under the direction of the Board of Directors. The Board is responsible for overseeing the company’s operations and providing direction that optimizes the development, growth and performance of the company and its subsidiaries. Directors have a fiduciary responsibility to shareholders. The role is advisory in nature, with specific day-to-day management and decision-making functions delegated to the company’s full-time officers and executives.
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Approval of basic policies and objectives.
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Definition of the businesses in which the corporation participates (as well as the definition of the businesses in which it participates).
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Granting permission to carry out large transactions recommended by management.
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Definition of debt load and debt-to-equity ratio. ratio.
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Providing advice to company management.
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Ensuring effective audit procedures The Board will be properly informed about the financial and legal status of the company.
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Assist in and review key financial trans-intervals, at least annually, to ensure they comply with legal and regulatory requirements.
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Review of strategic plans.
9. Setting management goals and monitoring their effectiveness.
10. Allocation of human and financial resources within the corporation (determining the most effective investment areas and areas where the best people should work).
11. If necessary, selection and dismissal of officials.
12. Approval of the annual budget and review of financial results took place at regular quarterly Board meetings.
13. Informing the business about what the company may be involved in and staying informed about the company's business activities
14. Searching for synergies between business units, as well as finding and using joint efforts in various networks to increase the efficiency of the corporation as a whole.
The Board's activities include:
Team
Vladyslav Burda
Owner/President of RedHeadFamily Corporation. The largest distributor of children's goods in the country, 50+ stores, including supermarkets for children "Antoshka", shopping and entertainment center for children "Mega-Antoshka", a chain of exclusive retail boutiques "Daniel", a toy store "Kazka Nova".
President of the Ukrainian branch of the Family Business Network FBN Ukraine
Writer, speaker
Chairman of the Board of Independent Directors
Inessa Golubova
Entrepreneur. Personal and organizational change consultant. Leadership consultant. Author of programs on leadership, creative thinking, and transformational personal and organizational change.
Researcher, PhD student in the Doctoral Program in Post-Heroic, Spiritual, and Ecosystemic Leadership at Hult Business School UK.
Founder of the Institute, which promotes radical transformation of leaders and organizations through unique, creative, unconventional, and dynamic educational and developmental experiences.
Partner of the Association of Family Businesses of Ukraine on the development and strategy of the association and family business in Ukraine.
The basis of BoardWisers is
Key services
The founders' knowledge and experience gained within the best educational MBA programs in the field of family business development and organizational psychology, obtained at such business schools as IESE Business school, IMD, Kennesaw State University, INSEAD, as well as the unique 13-year practical experience gained by Vladyslav Burda within the management and development of FBN Ukraine.
BoardWisers' core values
contribute to the prosperity of the organization
if there is a contribution and a result, then it makes sense for us to work
ethics and trust
In any conflict, we always rely on whether it is ethical and whether the decision promotes trust.
a result that we are proud of
so that the result is a matter of pride and a desire to share it with the world