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- Provide “wise counsel” on issues raised by owners/directors or management
- Provide unbiased insights and ideas from a third point-of-view (not involved in the operation of the business)
- Provide training to leaders and future leaders
- Develop an understanding of the business, market and industry trends
- Encourage and support the exploration of new business ideas
- Act as a resource for executives
- Encourage the development of a governance framework that enable sustainable growth of the company
- Monitor business performance
- Impose challenges to directors and management that could improve the busines
