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Best Practice Database
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Effective advisory board management requires optimum investment in resources and operations. It's important for leaders involved in advisory board management to understand the financial resources needed to ensure that the boards attract quality members and produce insights that will improve operations.
Best Practices, LLC undertook this study to help pharmaceutical and device executives seeking ways to effectively manage advisory boards . The study includes challenges and best practices for advisory board operations, the selection of board members, cost and outsourcing benchmarks for running ad boards. Research findings provide evidence-based benchmarks around these issues so leaders can compare their efforts with industry peers.
This study contains a Large Company Segment (LCS) that is made up of 13 respondents.
Best Practices, LLC designed and deployed a custom benchmarking survey to 35 executives at 29 leading life sciences companies. Segmentation analysis was key to examining trends and effective practices. Thirteen participants at 8 companies make up the Large Company Segment (annual revenues greater than USD 10 billion). Most responses came from US & Canada (63%) followed by Asia (20%).