In this Advisor Insights conversation Advisory Board Centre CEO Udo Doring and Jerome Chasques from Advisory Board France discuss the state of the advisory board sector in France and Europe.
Jerome explains the growing interest in advisory boards due to the uncertain business environment and the need for guidance. However, many companies in France are not familiar with the concept of advisory boards and often confuse them with executive governance or startup boards. Jerome believes that it is important to educate companies about the value and methodology of advisory boards. He mentions some larger organizations in France, such as Airbus, Danone, Sanofi, and Hermes, that have implemented advisory boards to drive innovation and sustainability. Jerome also highlights the potential market for advisory boards in France, with thousands of companies that could benefit from their services. Looking ahead, he sees a positive outlook for the advisory board sector in France and Europe, as managing directors are more open to seeking external help, experienced professionals are interested in becoming advisors, and there is a demand for structure and tools to effectively establish and manage advisory boards.
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www.advisoryboardcentre.com/
advisoryboard.fr/