The Pope’s Advisory Board

Strangely we can learn some valuable lessons from the Vatican’s board process for our own family business advisory boards.

One of Pope Frances’ first actions a year ago was to establish an advisory board. Made up of eight cardinals from around the world, their first task was to provide suggestions for repairing the troubled Vatican. The major mandate was to find new methods for improving the communication and feedback between Rome and the churches and also included issues involving compensation and term limits. This move towards a more horizontal governance structure was considered radical but refreshing, and reversed a previous trend of keeping power within the Vatican. More…

ADVISORY BOARDS: Not Just for Big Companies Anymore.

DO YOU EVER catch yourself saying, “why change, we’ve always done it this way” or “I mentioned that idea before, but no one listened” and “I wish we could do this, but it would hurt his feelings?” As small businesses, we have a unique ability to make clear- cut decisions and not get caught up in the bureaucracy. Unfortunately, this same advantage also goes against us, when we are faced with growing the business and making critical decisions. Everything works well when we are in agreement with each other about the strategic direction of the business. But when we are not on the same page, we get bogged down making decisions and deciding on the direction of the business, because our personal feelings often get in the way and impede us. More…