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SIHK guideline: advisory boards in small to medium-sized
companies
Extract ...
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The SIHK event at the Sparkasse was well
attended.
© Photo: Iris Fellerhoff
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Following an invitation by the Südwestfälische Industrie-
und Handelskammer zu Hagen (SIHK), companies attended a business
club event at the Sparkasse Sprockhövel. Dr. Habing reported on
the benefits of an advisory board precisely in small to medium-sized
companies. "It is still common to do without an advisory board due
to a lack of clarity on the choice of members, the framework conditions
and the scope of duties. The risk of a clash of interests is also
one of the main hurdles," explains Dr. Habig. The SIHK guideline
should therefore provide initial support by clarifying how an advisory
committee, with its expert knowledge, can help companies to identify
future perspectives, to analyse ideas, arguments and decisions,
and to cope with new challenges.
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Axel Vollmann
© Photo: Iris Fellerhoff
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The importance of an advisory
committee from a business point of view was presented by Axel Vormann,
Managing Director of Otto Vollmann GmbH & Co. KG in Gevelsberg.
"There must be a subordination of specific interests in family companies,
this differentiates them from companies with a shareholder value
approach. However, in order to avoid decisions being made purely
on a family-oriented basis, an advisory committee made up of members
from outside the family, can provide important assistance," he explains.
According to a study from MittelStandPlus, only
40% of all small to medium-sized compannies have an advisory board
- but those who have are generally very satisfied with its work
and, according to Sparkasse Director Wolfgang Steudtner, these are
regarded as the successful companies. Not everyone is suitable to
be an advisory board member and an appointment should always be
based on objective and not personal grounds.
"The original tasks: consulting, monitoring, mediation
and arbitration, along with other support, can be considerably extended
in accordance with the company constitution, charter or the company
organisation," points out Kurt Buchwald, co-author of the guideline
and Deputy Managing Director of the SIHK Hagen.
The new guidline of the SIHK sharpens awareness
of the "advisory board" theme. The entrepreneurs received details
on the tasks, composition, remuneration, legal framework conditions,
as well as a sample charter. ...
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Overview 
