{"id":44042,"date":"2017-12-19T18:09:48","date_gmt":"2017-12-19T16:09:48","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/the-advisory-board-as-a-steering-committee-for-private-equity-investments\/"},"modified":"2017-12-19T18:09:48","modified_gmt":"2017-12-19T16:09:48","slug":"the-advisory-council-as-a-steering-body-in-private-equity-investments","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/the-advisory-council-as-a-steering-body-in-private-equity-investments\/","title":{"rendered":"The advisory board as a steering committee for private equity investments"},"content":{"rendered":"<p><strong>Dr. Chris\u00adtof Alex\u00adan\u00adder Schnei\u00adder \u2014 <\/strong> Arqis Attor\u00adneys at&nbsp;Law<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Parti\u00adcu\u00adlarly in the context of acqui\u00adsi\u00adti\u00adons by finan\u00adcial inves\u00adtors, it makes sense to imple\u00adment an advi\u00adsory board as an addi\u00adtio\u00adnal element of good corpo\u00adrate gover\u00adnance in order to effec\u00adtively imple\u00adment the goals set. An advi\u00adsory board is not only useful (and corre\u00adspon\u00addin\u00adgly frequent) where a single private equity inves\u00adtor is the acqui\u00adrer. On the contrary, an advi\u00adsory board can take on valuable tasks, espe\u00adci\u00adally when there are a number of inves\u00adtors involved.<\/strong><\/p>\n<p><strong>The follo\u00adwing article is inten\u00added to give an over\u00adview of the possi\u00adbi\u00adli\u00adties of an advi\u00adsory board as a stee\u00adring body and to provide prac\u00adti\u00adcal sugges\u00adti\u00adons for the best possi\u00adble imple\u00admen\u00adta\u00adtion. In line with prac\u00adti\u00adcal rele\u00advance, a port\u00adfo\u00adlio company in the legal form of a GmbH (limi\u00adted liabi\u00adlity company) is assu\u00admed as a&nbsp;proxy.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>What are the advan\u00adta\u00adges of an advi\u00adsory&nbsp;board?<\/p>\n<p>In prac\u00adtice, it makes sense to set up an advi\u00adsory board for port\u00adfo\u00adlio compa\u00adnies of finan\u00adcial inves\u00adtors for the follo\u00adwing reasons in particular:<\/p>\n<p>With the advi\u00adsory board (which is often refer\u00adred to differ\u00adently depen\u00adding on its func\u00adtion, in parti\u00adcu\u00adlar as board of direc\u00adtors or share\u00adhol\u00adders\u2019 commit\u00adtee), a body can be estab\u00adlished \u201cbetween\u201d the share\u00adhol\u00adders\u2019 meeting and the manage\u00adment of the port\u00adfo\u00adlio company. On the one hand, this results in an acce\u00adle\u00adra\u00adtion of decis\u00adi\u00adons at share\u00adhol\u00adder level. On the other hand, the Advi\u00adsory Board members are more inten\u00adsi\u00advely invol\u00adved in the acti\u00advi\u00adties at the level of the port\u00adfo\u00adlio company and ther\u00ade\u00adfore concen\u00adtrate to a parti\u00adcu\u00adlar extent on their tasks, which increa\u00adses the quality of their activities.<\/p>\n","protected":false},"featured_media":40884,"comment_status":"closed","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2456,2546],"product_tag":[1604,1617,1618,1622,1624],"class_list":{"0":"post-44042","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2018-en","8":"product_cat-dr-christof-alexander-schneider-en","9":"product_tag-corporate-governance-en","10":"product_tag-steering-committee","11":"product_tag-private-equity-investments","12":"product_tag-dr-christof-alexander-schneider-en","13":"product_tag-shareholder-level","14":"pa_ausgabe-deutsch-en","15":"pa_ausgabe-englisch-en","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The advisory board as a steering committee for private equity investments - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/the-advisory-council-as-a-steering-body-in-private-equity-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The advisory board as a steering committee for private equity investments - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Particularly in the context of acquisitions by financial investors, it makes sense to implement an advisory board as an additional element of good corporate governance in order to effectively implement the goals set. An advisory board is not only useful (and correspondingly frequent) where a single private equity investor is the acquirer. On the contrary, an advisory board can take on valuable tasks, especially when there are a number of investors involved. The following article is intended to give an overview of the possibilities of an advisory board as a steering body and to provide practical suggestions for the best possible implementation. In line with practical relevance, a portfolio company in the legal form of a GmbH (limited liability company) is assumed as a proxy. &nbsp; What are the advantages of an advisory board? In practice, it makes sense to set up an advisory board for portfolio companies of financial investors for the following reasons in particular: With the advisory board (which is often referred to differently depending on its function, in particular as board of directors or shareholders&#039; committee), a body can be established &quot;between&quot; the shareholders&#039; meeting and the management of the portfolio company. On the one hand, this results in an acceleration of decisions at shareholder level. 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