An effective advisory panel, properly composed and structured, can provide non-binding but informed guidance and serve as a tremendous ally in the quest for superior corporate governance. The MedComm Advisory Panel is composed of accomplished experts offering innovative advice and dynamic non-biased perspectives.
This Advisory Panel will meet once annually, likely by conference call, to discuss strategic direction, guide quality improvement, and assess program effectiveness.
Roles and Responsibilities of Advisory Panel
Provide “wise counsel” on issues or topics raised by owners/directors or management
Provide unbiased insights and ideas from a third point-of-view (not involved in the operation of the business)
Encourage the development of a governance framework that enable sustainable growth of the company
“Advisory boards give focus to or sometimes challenge research and intelligence work being done in the company, thus avoiding groupthink and giving direction on big picture issues.” – Former Editor of The Economist