ABF101 Advisory Board Best Practice Framework™

Building on over 15 years of research into business drivers of effective advisor engagement, the ABF101 Advisory Board Best Practice Framework™ provides a principles-led foundation to support the advisory community and the organisations they serve through advisory boards.

The ABF101 Advisory Board Best Practice Framework™ sets out the core principles which are pillars to support organisations of any size to benefit from their advisory board.

The ABF101 Framework is non-binding and non-prescriptive. It is principles-led and encourages adaptation to the organisation’s needs and operating environment.

ACCESS ABF101 FRAMEWORK

About the ABF101 Framework

The ABF101 Advisory Board Best Practice Framework™ was developed by the Advisory Board Centre as a foundation for the global advisory sector.

The development commenced with a global review of advisory board practice. To ensure independence in the process, the ABF101 Advisory Board Best Practice Framework™ was evaluated and endorsed by a Best Practice and Ethics Advisory Board representing the advisory sector. The ABF101 is subject to a biennial consultation and review process, with the most recent Third edition released in July 2024.

To ensure application in numerous environments, the following interest groups were represented by committee members:

Government
Academia
Governance Boards
Institutional Investors
International market representation
Institutional Corporate Organisations
Incubators and Accelerators
Professional Services and Partnerships
Not-for-Profit Organisations

Who should utilise the ABF101 Framework™?

The ABF101 Framework is designed to meet the needs of new and established organisations, reflecting the dynamic and unique nature of individual organisations and the advisory community that supports them.

The ABF101 Framework is valuable and useful to the market including the following groups:

ADVISORY PROFESSIONALS THAT ARE:

interested in raising the standard of their own professional contribution to the advisory sector
seeking to maximise their impact on organisations to create empowered engagement
seeking to differentiate their offering in the market through certification and recognition

ORGANISATIONS THAT ARE:

seeking to identify and make informed evaluations of advisory professionals and structures
committed to ensuring that their advisory board initiatives are seen to connect with credible, consistent practice
interested in strengthening confidence in purposeful engagement and strategic direction

PROFESSIONAL BODIES AND BUSINESS COMMUNITIES THAT ARE:

seeking to promote credible, consistent and comparable language and practice
providing guidance on advisor engagement and business practice
interested in strengthening confidence in business and professional markets by promoting ABF101-alignment, advisory integrity, transparency and accountability

Want to learn more about how you can leverage the ABF101 Framework to drive results? Book a Call with our team to explore how we can best support you.

Why Best Practice Matters in Advisory Boards

The ABF101 Advisory Board Best Practice Framework™ is designed to complement and strengthen existing governance systems. It is designed for flexibility, enablement and harnessing the powerhouse of expertise to make things happen. Inherently it is purposeful, flexible and agile.

The ABF101 Framework responds to market-identified needs and feedback from various groups engaged and interested in the advisory sector to encourage professionalism, good governance and clarity in an advisory board context.

Those accessing the ABF101 Advisory Board Best Practice Framework™ will also benefit from the professional development and resources within the Certified Chair™ Executive Program which provide guidance on practical adoption, adaptation, implementation and facilitation of advisory boards.

Organisations, Directors and Government representatives seeking external support and guidance on advisory board best practice are also invited to connect with our Advisory+ support team.

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