OE Journal

ORIGINAL ANALYSIS

Building Elite, Effective Advisory Boards

This OE Insight explores how to build impactful advisory boards that offer strategic value. It outlines key prerequisites—organizational stability, governance structure, and resources—and provides the O.P.E.R.A.T.E. framework for effective operations. Using the Theranos scandal as a cautionary tale, it underscores the need for domain-specific expertise and clearly defined objectives. With the right leadership and structure, advisory boards can be transformative, rather than performative.