The mission of Wealth Without Borders Podcast is to provide a wealth of advice to Expats, whether financial, educational, or business-related. We were founded in Shanghai and in China 8 is a lucky number. “8 squared” is even better! We deliver one piece of valuable international advice using “8 questions in 8 minutes." http://www.wealthwithoutborders.net/podcast
http://www.wealthwithoutborders.net/podcast
High Impact Boards with Alan Hepburn
Why does what we portray sometimes not translate to true results? How do you align your perception with actual results?
The building, designing, and facilitating of high impact boards can help address this challenge.
Alan Hepburn is Managing Partner for Asia at Advisory Board Architects. He and his family have been based in Shanghai for the past 18 years. Advisory Board Architects develop and operates strategic high impact fiduciary and advisory boards for private and public companies.
In this episode, Alan shares about the impact a company’s board have on steering the company towards achieving business goals.
What you will learn from this episode:
- Learn about a fiduciary board’s role in impacting business
- Find out one reason for failure to drive business to achieve its goals
- Learn about one big mistake traditional companies are committing that needs to be addressed
“Square pegs in round holes. You can have a great process, but if you don't have the right people you're not going to get optimum results.”
- Alan Hepburn
Topics Covered:
01:17 - What for him is an ideal client?
01:30 - They help companies achieve business goals. How do they exactly do it?
02:10 - What one reason where there is little done to drive business?
02:10 - A case of Management educating the Board. Or should it be the other way around?
04:01 - One valuable free action to help solve your problem: “There are better and worse ways to evaluate but just by the process of evaluating board members, you'll have a better board.”
04:04 - What is Psychometric testing - how does it help solve the problem?
06:20 - How impactful is the concept of bias in decision-making?
07:12 - Do virtual boards work?
Key Takeaways:
“The symptoms really are low impact meetings, where very little is done to actually help drive the business.” - Alan Hepburn
“Have your directors there educating management, communicating how they can help management with advice, with suggestions, leverage their experience, and really have management listen, and boards talking rather than the other way around. - Alan Hepburn
“There are better and worse ways to evaluate but just by the process of evaluating board members, you'll have a better board.” - Alan Hepburn
“There are lots of techniques you can learn, but just the fact you're aware that you have bias can be a tremendous advantage when you actually come to make a good decision.” - Alan Hepburn
“Virtual advisory boards, virtual fiduciary boards can work, they can drive a lot of impact. And of course, they're perhaps a little more time-efficient and cost-efficient.” - Alan Hepburn
Ways to Connect with Alan Hepburn:- Linkedin: https://www.linkedin.com/in/alan-hepburn-8a552a3/
- Website: http://www.wealthwithoutborders.net
- Podcast: https://wealthwithoutborders.net/podcast/
- LinkedIn: https://www.linkedin.com/in/howardwhiteson