Board & Advisory Board Services
Phillip Riley specialises in clean technology board and advisory board appointments and we are the only Australian firm that focuses solely on providing the best board and advisory board candidates from the renewable energy sector. We recognise that an experienced and well-informed board is essential, and our concentration on the renewable energy sector has allowed Phillip Riley to build a database of board candidates who possess specific and highly sought after expertise.This ensures that our clients are always presented exclusively with a group of highly-skilled potential candidates. With the ever-growing emphasis on the importance of renewable energy, Phillip Riley’s proficiency in this sector already has us leading the way with clean technology board and advisory board appointments.
A board of directors is a body of individuals elected by shareholders to oversee a company’s actions and decisions. They do not run the company, rather direct those who do. The main obligation of a board is to protect the relevant stakeholders’ interests, giving board members great responsibility and also great power. As such, Phillip Riley understands that board members must be in tune with constituents’ desires and expectations, as well as possessing an excellent awareness of the overall industry climate
Aside from overseeing company activity, boards exist to uphold principles of corporate governance, that is, the system by which a company is controlled. There are general and legal requirements that a company must fulfill, and corporate governance provides the general framework for achieving a company’s general objectives.
This includes the notion of public ownership, which calls for a separation between ownership and management. As such, all public companies must have a board of directors. It is highly likely that private companies of considerable size will have a board of directors as this is in their interest, but it is not essential for small private companies.Both for-profit and not-for-profit board members have equal responsibility to maintain an organisation’s financial prosperity through effective governance, and must oversee the general running of the company. However, we recognise that there are several differences between for-profit and not-for-profit boards;
Organisations will often employ advisory boards to provide information on matters the existing Board requires further advice on. An advisory board is made up of a group of individuals who possess unique skills and knowledge that complement the skills of the existing board of directors.
Advisory boards can help an organisation by making informed recommendations, providing contacts or enhancing an organisation’s reputation through their individual status in the industry. They cannot, however, make any formal decisions for the company. Most advisory boards are formed with a specific goal in mind and aim to provide new insight to the existing board members.Given Phillip Riley’s focus on the renewable energy sector, we provide our clients with access to the best potential advisory board candidates who possess a broad range of expertise right across the sector.
What makes for an effective Board?
Phillip Riley understands that for a board to function smoothly, it is essential that the right candidates be placed in the right roles. An effective board will comprise of highly skilled individuals with a variety of skills. A widely skilled board of directors will not only better fulfill their duties, but this is also vital when considering risk management.Key qualities of a competent board include placing value on teamwork; remembering the importance of the big picture of the company and keeping in mind the interests of both staff and stakeholders. A successful board will also assess its own performance when assessing the performance of an organisation.