Specialist Corporate and Commercial Lawyers
An advisory board is a collection of independent professional advisors, with experience in a particular industry and from other specialist vocations, who provide advice and perspective to an executive team or to complement an operating board or directors.
An advisory board acts as an independent mentor to the executive team and board. Generally advisory boards meet less frequently than the executive team and board. An agenda, typically focused on the strategic direction of the company, is used to allow executives the opportunity to seek and obtain independent views and insights.
We have experience establishing charters for advisory boards. As a legal matter it is critical that the members of an advisory board are clearly distinguished from the executive team and company directors, do not hold decision making authority or power and are engaged by the company purely on an advisory basis.
Appropriate terms of reference for the members of the advisory board, together with procedural and process arrangements, should be clearly documented and codified. There are risks for the advisory board member and the company that must be understood and advice should be obtained regarding the application of the Corporations Act to advisory boards.
Their approach is always professional and delivered at a standard comparable to a capital city law firm. It is the clear strategic direction that has always impressed me about the SWS team.
The knowledge SWS has about private equity and managing M&A deals is very valuable. David & Andrew were able to help me navigate the issues and get me the exit I was looking for, while also supporting the other shareholders who remained with the business.
We believe their ability to combine first rate legal expertise, commercial judgement and strong negotiating skills is rare amongst lawyers and provides us with a real competitive advantage in corporate transactions. We use SWS because of their ability, not their post code.
Extreme gratitude to David and Andrew for all your help with our transaction. You were both fantastic to deal with (as were the rest of the SWS team) and certainly made the negotiations and dealings easy to handle for us through the whole process. I would certainly have no hesitation at all recommending you for any future work. Again, I appreciate all your assistance.
The combination of rare legal expertise, commercial judgement and strong negotiating skills is rare amongst lawyers and provides us with a real competitive advantage in corporate transactions.
SWS has assisted with advice on securing and exercising complex property and commercial contractual rights and assisting with protracted contractual management and implementation. We value legal experts who can offer pragmatic and commercial legal solutions for our complicated matters. SWS Lawyers has consistently met these criteria.
The team at SWS Lawyers have already showcased their professionalism, commitment, positive can-do attitude and insight into our needs and have a clear understanding of the disability sector.